Evaluating the Impact of Transactions on Statement Categories and Ratios After completing her first year of operations, Penny Cassidy used a number of ratios to evaluate the performance of Penny's Pool Service & Supply, Inc. She was particularly interested in the effects of the following transactions from the last quarter: a. Paid herself a dividend of $10,000 as the sole stockholder. b. Recorded advance payments from customers of $2,000. c. Paid the current month's rent in cash, $500. d. Purchased a new truck for $14,000 and signed a note payable for the whole amount. The truck was not placed in service until January of the second year of operations. e. Recorded depreciation expense on office equipment of $600. f. Accrued interest expense on the note payable to the bank was $400. Page 283 2. Complete the following table, indicating the sign of the effects of each transaction on the financial ratio listed for the first year of operations. Use + for increase, - for decrease, and NE for no effect. a. etc. Transaction Net Profit Margin Total Asset Turnover Return on Assets