Peyton Company reported these ratios at December 31, 2021 (dollar amounts in millions); Currentratio=$10$20=2.00Debtratio=$70$40=0.57 Peyton Company completed these transactions during 2022: i. (Click the icon to view the transactions.). Read the requirertent. 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 fwo decimal plitces,) Currentratio=currentratiodebtratio=debtratio b. Paid long-term debt, $5. a. Purchased equipment on account, $5 b. Paid long-term debt, $5 c. Collected cash from customers in advance, $4 d. Accrued interest expense, $3 e. Made cash sales, $7 Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. 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 caiculations fo two decimal places.) Current rato = Debt ratio = current ratio debt ratio b. Paid long-term debt, $5. b. Paid long-term debt, $5. Current ratio = Debt ratio = current ratio debt ratio c. Collected cash from customers in advance, \$4. Current ratio = Debt ratio = d. Accrued interest expense, \$3. Current ratio = Debt ratio = current ratio debt ratio e. Made cash sales, $7. Current ratio = Debt ratio = current ratio debt ratio e. Made cash sales, \$7. Current ratio = Debt ratio = current ratio debt ratio