The question is complete.

Show the effect of each of the transactions below on "total assets" and the "current ratio" by using one of the following symbols in each space to complete the table. Assume that the current ratio is greater than 1.

Symbol Action

+Increase

• Decrease

N No effect

OInsufficient data

Transactions Effect on Total Assets Effect on Current Ratio

1.Cash sale of noncurrent asset for more than the cost.______ ______

2.Purchase of noncurrent asset for cash.______ ______

3.Purchase of office supplies for cash. ______ ______