K Peyton Company reported these ratios at December 31, 2021 (dollar amounts in millions): Current ratio= $20 $10 $40 =2.00 Debt ratio= = 0.57 $70 Peyton Company completed these transact (Click the icon to view the transactions.; Read the requirement. Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. a. Purchased equipment on account, $5. (Review each transaction independently. Round calculations to two decimal places.) Current ratio = Debt ratio current ratio his Etext pages Get more help - debt ratio Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. Print Done Clear all