Question Number 6 consists of 6 items. Select the best answer for each item. Answer all items. Your grade will be based on the total number of correct answers. Items 1 through 6 are based on the following: Daley, Inc., is consistently profitable. Daley's normal financial statement relationships are as follows: I. Current ratio II. Inventory turnover III. Total debt/total assets ratio 3 to 1 4 times 0.5 to 1 Required: For items 1 through 6, determine whether each 1992 transaction or event increased, decreased, or had no effect on each of the 1992 ratios. For each ratio select only one of the three alternatives. Items to be answered: 1. Daley issued a stock dividend. 2. Daley declared, but did not pay, a cash dividend. 3. Customers returned invoiced goods for which they had not paid. 4. Accounts payable were paid on December 31, 1992. 5. Daley recorded both as receivable from an insurance company and a loss from fire damage to a factory building 6. Early in 1992, Daley increased the selling price of one of its products that had a demand in excess of capacity. The number of units sold in 1991 and 1992 was the same