M10-14 (Algo) Analyzing the Impact of Transactions on the Debt-to-Assets Ratio [LO 10-5] BSO, Incorporated, has assets of $780,000 and liabilities of $585,000, resulting in a debt-to-assets ratio of 0.75. For each of the following transactions, determine whether the debt-to-assets ratio will increase, decrease, or remain the same, and enter the value of the new debt-to-assets ratio. Each item is independent. (Round your answers to 2 decimal places.)

Answer is complete but not entirely correct.

	Debt-to-Assets Ratio
a. Purchased $56,000 of new inventory on credit.	Increase
b. Paid accounts payable in the amount of $104,000.	Decrease	0.71selected answer correct
c. Recorded accrued salaries in the amount of $190,000.	Increase
d. Borrowed $340,000 from a local bank, to be repaid in 90 days.	Increase