Gil Corporation has current assets of $90,000 and current liabilities of $180,000. Compute the effect of each of the following transactions on Gil's current ratio: 1.Refinancing a $30,000 long-term mortgage with a short-term note. 2.Purchasing $50,000 of merchandise inventory with short-term accounts payable. 3. Paying $20,000 of short-term accounts payable. 4. Collecting $10,000 of short-term accounts receivable