PROBLEM 1 (15 Points) Rip-em-ofr statements. Industries had the following ratios based on its beginning 2017 financial 1. Current ratio 2. Acid Test ratio 9.3 times 30 days S1.72 3. Accounts Receivable Turnover 4. Days in Inventory 5. Earnings per share During 2017 the following selected transactions and events occurred a. Declared and Paid a cash dividend on common stock b. Purchased inventory on account c. Collected an Accounts Receivable EQUIRED: Consider items (a)-(e) individually, for each of the above ratios, have no change(), PROBLEM 1 (15 Points) Rip-em-ofr statements. Industries had the following ratios based on its beginning 2017 financial 1. Current ratio 2. Acid Test ratio 9.3 times 30 days S1.72 3. Accounts Receivable Turnover 4. Days in Inventory 5. Earnings per share During 2017 the following selected transactions and events occurred a. Declared and Paid a cash dividend on common stock b. Purchased inventory on account c. Collected an Accounts Receivable EQUIRED: Consider items (a)-(e) individually, for each of the above ratios, have no change()