Question 2- Ratio Analysis (3 marks): What effect would the following actions have on a firm's current ratio? Assume that net working capital is positive: Inventory is purchased for cash a. b. A supplier is paid C. d. A bank loan is repaid A long-term debt matures and is paid A customer pays off an account e. f. Inventory is sold

Question 2-Ratio Analysis (3 marks): What effect would the following actions have on a firm's current ratio? Assume that net working capital is positive: a. Inventory is purchased for cash b. A supplier is paid c. A bank loan is repaid d. A long-term debt matures and is paid e. A customer pays off an account f. Inventory is sold