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Problem 1: [15 minutes, 5 marks] Prior to the transactions listed below in the left column, Mack Inc. reported a debt-to-assets ratio of 0.50 ,

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Problem 1: [15 minutes, 5 marks] Prior to the transactions listed below in the left column, Mack Inc. reported a debt-to-assets ratio of 0.50 , asset turnover of 1.20 , net profit margin of 0.30 , and earnings per share of $1.00. Required (to be completed in the chart below): Complete the lettered cells in the following table by indicating whether each transaction causes the selected ratios for Blue Inc. to increase (+), decrease (), or not change (NC). Notice you do not need to show the updated ratios. Consider each of the five transactions independently (i.e., on their own)

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