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g Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it. Use + for increase. - for decrease,
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Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it. Use + for increase. - for decrease, and (NE) for no effect Assume that current assets exceed current liabilities in all cases, both before and after the transaction/event Effect Transaction/Event a. Split the common stock 2 for 1. b. Collected accounts receivable cissued common stock for cash. d. Sold treasury stock. e. Accrued interest on a note receivable. 1. Sold inventory on account. 9. Wrote off an uncollectible account. h. Declared a cash dividend. 1. Incurred operating expenses. Sold equipment at a loss Financial Ratio Book value per share of common stock Number of days sales in accounts receivable Total asset turnover Return on equity Current ratio Acid-test ratio Accounts receivable turnover Dividend yield Margin Earnings per share Step by Step Solution
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