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Sasah's, a retail firm, engaged in the transactions listed below. Opposite each transaction is a ratio and space to mark the transaction's effect on
Sasah's, a retail firm, engaged in the transactions listed below. Opposite each transaction is a ratio and space to mark the transaction's effect on the ratio. Transaction a. Accrued salaries. b. Purchased inventory. c. Increased allowance for uncollectible accounts. d. Purchased inventory on credit. e. Sold treasury stock. f. Borrowed cash by issuing bond payable. g. Paid wages expense. h. Repaid bond payable. i. Accrued interest expense. j. Sold merchandise on account. k. Recorded depreciation expense. 1. Sold equipment. Effect Ratio Increase Decrease None Current ratio Quick ratio Receivable turnover Payables turnover Profit margin Asset turnover Return on assets Debt to equity ratio Interest coverage ratio Return on equity Cash flow yield Free cash flow Show that you understand the effect of business activities on performance measures by placing an X in the appropriate column to show whether the transaction increased, decreased, or had no effect on the ratio. nad conied or duplicated or posted to a publicly accessible website, in whole or in part
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