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please and all parts thanks More info a. Purchased equipment on account, $4 b. Paid long-term debt, $11 c. Collected cash from customers in advance,
please and all parts thanks More info a. Purchased equipment on account, \$4 b. Paid long-term debt, $11 c. Collected cash from customers in advance, $1 d. Accrued interest expense, $3 e. Made cash sales, $12 Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio Debt ratio =$50$20=0.40 Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. a. Purchased equipment on account, \$4. (Review each transaction independently. Round calculations to two decimal places.) b. Paid long-term debt, $11 debt ratio 'Current ratio =Debtratio= c. Collected cash from customers in advance, \$1 Current ratio = Debt ratio = current ratio debtratio b. Paid long-term debt, $11 Currentratiodebtratio=currentratioDebtratio c. Collected cash from customers in advance, $1. Currentratio=currentratioDebtratio= d. Accrued interest expense, $3. Current ratio = current ratio e. Made cash sales, $12 Debt ratio Current ratio = current ratio d. Accrued interest expense, $3. current ratio Doesn't change Hurts Improves
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