The current ratio was .992 before these this economic event. What is the current ratio after these events? The gross margin was 29.3% before this economic event. What is the gross margin after the event? The profit margin was 6.6% before this economic event. What is the profit margin immediately after this event? Has the debt to equity ratio improved, deteriorated or stayed the same after the economic event? Instructions: See Question 1 for an example of how to approach this problem. Economic Event Due to inflation, fewer customers are losing their gift cards. As a result the estimate for the gift card liability is $120 higher. Record this economic event. Questions: Blank 1 - The current ratio was .992 before the economic event. What is the current ratio after this event? Blank 2 - Has the debt to equity ratio improved, deteriorated or stayed the same after the economic event? Blank 3 - The gross margin was 6.6% before this economic event. What is the profit margin immediately after this event? The current ratio was .992 before this economic event. What is the current ratio after the event? The gross margin was 29.3\% before the economic event. What is the gross margin after the event? The profit margin was 6.6% before the economic event. What is the profit margin immediately after the event? The Debt to Assets ratio was 76.2% before these economic events. What is the debt to assets ratio after these economic event? 12 0.992 Instructions: See Question 1 for an example of how to approach this problem. Economic Event BBR's accrued warranty expense account shows a debit balance. To correct the account and show the appropriate liability an increase in accrued warranty expense of $750 is required. Record this economic event. Questions: Blank 1 - The current ratio was .992 before the economic event. What is the current ratio after this event? Blank 2 - The gross margin was 29.3% before this economic event. What is the gross margin after this event? Blank 3 - The profit margin was 6.6% before this economic event. What is the profit margin immediately after this event? Blank 4 - The Debt to Assets ratio was 3.2 before the economic event. What is the debt to assets ratio after this economic event? ity 10 3.20 Debt to Assets 76.2%