Lease expense related to operating leases for the year is $$1,250$ and is all attributed to cost of sales. The liability on these leases was reduced by $$850.$ The reduction in the operating lease assets is $$900$ and cash paid out for these leases was $$1200.$

Record this economic event.

Questions:

Blank $1-$ The current ratio was $\mathrm{.}992$ before the economic event. What is the current ratio after this event?

Blank $2-$ The gross margin was $29\mathrm{.}3\%$ before this economic event. What is the gross margin after this event?

Blank $3-$ The profit margin was $6\mathrm{.}6\%$ before this economic event. What is the profit margin immediately after this event?

Blank $4-$ The Debt to Equity ratio was $3\mathrm{.}2$ before the economic event. What is the debt to equity ratio after this economic event?

Blank $5-$ Has solvency increased, decreased, or stayed the same after this economic event?