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Help Save & Exit Submit For each of the following events, identify whether the immediate impact of recording the event is to: (Uncrease. (Decrease), or
Help Save & Exit Submit For each of the following events, identify whether the immediate impact of recording the event is to: (Uncrease. (Decrease), or have (N)o impact on each of the ratios. Assume all ratios begin with a value less than 1 (Note: consider only the immediate impact of the described event- including normal closing entries) A E F 1 D Impact on each ratio Current Ratio Debt to Assets Return on Equity Event Impact on each aspect of performance Liquidity Solvency Profitability 2 4 5 Purchase supplies on account Collect accounts receivable Take out new long-term loan Record loss of inventory due to theft Record interest revenue that had been collected in advance 6 Increase 7 Decrease No impact
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