Fill in the blanks based on the relationships of each.

Put a + if the relationship is positive; put a - if the relationship is negative. If there is no relationship, leave blank or write NC.

The sale of a fixed asset for cash _________ accounts payable. __________ days sales outstanding,

and _______________ the current ratio.

Paying account payable slower _______________ the firms need for funds.

Retiring commercial paper ___________ net working capital ___________ the debt ratio, and ___________ fixed asset turnover.

When a firm issues subordinated bonds, retained earnings ________ and the current ratio ________.

If inventory is sold for a loss, times-interest earned __________.

Operating at a loss ________ long-term debt and __________ retained earnings.

If an account payable is paid-off with cash, net working capital _________.

If cash dividends are paid, retained earnings _________ and total assets ________.

If an account payable is refinanced with a long-term loan, net working capital ________and inventory turnover ________.

If the yield curve is negatively sloped and long-term debt is substituted for short-term debt, the debt ratio_______ and days sales outstanding _______.

If accounts receivable are factored and sold at a discount, dividends _______, total asset turnover

_________, and federal income taxes ________.

As interest owed accrues, times-interest earned _______ and federal income taxes _______.