Question 46 30 pts Indicate below the net effects that each of the ten independent transactions will have on the following three ratios. Use the expressions increase, decrease, or no effect. 1. Earnings per share (Net income - Preferred dividends]/Average number of outstanding shares) 2. Current ratio (Current assets/Current liabilities) 3. Debt to equity ratio (Total liabilities/Total equities - liabilities plus shareholders equity You should record your response on the schedule provided below. State any assumptions you feel are necessary. You are to assume that these are the respective ratios for this firm prior to each transaction: 1. EPS - $2 per share 2. CR - 3 to 1 3. D to E-25% Transaction EPS D to E to 1. Solda service for Select Select) 2. Received cash payments from customers on previously recorded Isales. Select 13. solda Purchased inventory on an account Select Select Select Purchased equipment for cash Select (Seled 6. Paid cash to reduce the wages payable account Select 17 issued (common stock for Select Select 8. Sold land for an amount create Icost 9. Made a cash payment Assume the journal try made Select interest Icredit cash