The president of Marigold Corp. asks if you could indicate the impact certain transactions have on the following ratios. Complete the table, indicating whether each transaction will increase, decrease, or have no effect on the specific ratios provided for Marigold Corp.. Transaction Current Ratio (2:1) Accounts Receivable Turnover (10x) Average Collection Period (36.5 days) 1. Received $6,250 on cash sale. The cost of the goods sold was $3,250 Increase No Effect No Effect 2. Recorded bad debt expense of $625 using allowance method. Decrease Increase Decrease 3. Wrote off a $125 account receivable as uncollectible (Uses allowance method.) No Effect No Effect No Effect - 4. Recorded $3,125 sales on account. The cost of the goods sold was $1,875. Increase Increase - Increase The president of Marigold Corp. asks if you could indicate the impact certain transactions have on the following ratios. Complete the table, indicating whether each transaction will increase, decrease, or have no effect on the specific ratios provided for Marigold Corp.. Transaction Current Ratio (2:1) Accounts Receivable Turnover (10x) Average Collection Period (36.5 days) 1. Received $6,250 on cash sale. The cost of the goods sold was $3,250 Increase No Effect No Effect 2. Recorded bad debt expense of $625 using allowance method. Decrease Increase Decrease 3. Wrote off a $125 account receivable as uncollectible (Uses allowance method.) No Effect No Effect No Effect - 4. Recorded $3,125 sales on account. The cost of the goods sold was $1,875. Increase Increase - Increase