full explantion needed!

In your groups discuss the following questions. Assign a presenter to present your answer(s) to the class when we reconvene. 1. What types of information de common-size financial statements reveal about a company? When would you use them? 2. What effect would the following transactions have on a firm's current ratio and why? (assume that net working capital is positive) (a) Inventory is purchased (b) A supplier is paid (c) A short-term bank loan is repaid (d) A long-term debt is paid off early (e) A customer pays off a credit account Inventory is sold at cost (a) Inventory is sold for a profit