LO 4 Problem 25.3 EFFECT OF TRANSACTIONS ON RATIOS * Sunrise Ltd completed the following transactions during a given year: Transaction Ratio 1. Sold obsolete inventory at cost 2 Redeemed debentures by issuing ordinary shares 3. Issued a share dividend on ordinary shares 4. Declared a cash dividend on ordinary shares 5. Paid the GST owing to the tax office 6. Purchased inventory on credit 7. Sold inventory for cash 8. Wrote off a bad debt against Allowance for Doubtful Debts 9. Collected an account receivable 10. Sold inventory on credit 11. Issued additional ordinary shares for cash 12. Paid trade accounts payable Profit margin Return on ordinary equity Earnings per share Dividend payout Dividend yield Quick ratio Current ratio Current ratio Receivables turnover Inventory turnover Debt ratio Return on assets Required State whether each transaction would cause the ratio listed with the transaction to increase, decrease or remain unchanged