i. A customer pays $100,000 for part-of but not all of the amount they owe Company Z (this is regarding Company Z's accounts receivable account).

ii. Dividends for $250,000 that were previously declared are now finally paid out to the shareholders, with cash.

iii. Depreciation expense is recorded as an adjusting entry.

iv. Company Z's account receivable ending balance is $720,000. It includes one large credit balance for $600,000 for a customer of Company Z. Company Z's accountant will report the credit balance as a current liability.

v. Merchandise costing $2,000,000 was sold on account for $5,000,000. Company Z uses the perpetual inventory system.

vi. Company Z purchased $370,000 of inventory on account.

Instructions:

For each activity (i-vi), find if there is an increase, decrease, or no-change with Working Capital, Current ratio, and the Acid-test ratio.

-Assume prior to these activities, both ratios are higher than 1 and that working capital is positive.

-(The activities of i-vi are also not related with each other).