(See the eText on p. 81). What effect would the following actions have on Philippe Corporations current ratio? Provide your reasoning. Hand-write your responses (no copying, please). a. Starting 2015 Current Ratio = _________________ b. $100 Inventory is purchased with cash. c. A supplier is paid $100 with cash. d. A short-term bank loan of $100 is repaid with cash. e. Long-term debt of $100 is paid off early. f. A customer pays off a credit account of $100. g. Inventory is sold for $100 at cost. h. Inventory is sold for $200 - a profit of $100.