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Lease expense related to operating leases for the year is $ 1 , 2 5 0 and is all attributed to cost of sales. The

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 .992 before the economic event. What is the current ratio after this event?
Blank 2- The gross margin was 29.3% before this economic event. What is the gross margin after this event?
Blank 3- The profit margin was 6.6% before this economic event. What is the profit margin immediately after this event?
Blank 4- The Debt to Equity ratio was 3.2 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?
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