Question 3 Company Beta Ltd presently has a current ratio of 2:1 along with current liabilities of 80,000. Indicate whether the following independent transactions increase (+), decrease (-) or do not have an effect (NE) on the current ratio and cash from operations (using the direct method) of the company. Paid rent of 15,000 paying by cash Sold equipment for 25,000 Received cash of 50,000 from stockholders Returned goods of 5,000 to creditors Goods of 5,000 were returned to us Current ratio Cash from operations (20 marks)