this question has 2 parts

Assume that the following events occurred in the following quarter. a. Paid $60 cash for additional inventory. b. Issued odditional shares of common stock for $2.5 in cash. c. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmili, which is expected to cost $34. PA2-3 (Algo) Part 7 7-a. Use your response to part 6 to calculate Julle's Allen's current ratio after the transactions listed in (a)(e). 7.b. Compore Ethan Allen's current ratio ot June 30,2019 with its current rotio after the transactions listed in (o)(o), and indicate whether the transactions increased or decreased the company's ability to pay current liabilities. Complete this question by entering your answers in the tabs below. Use your response to part 6 to calculate Julle's Allen's current ratio after the transactions listed in (o)(e). (Round your answer to 2 decimal placess.) Required information PA2-3 (Algo) Recording Transactions (in a Journal and T-Accounts); Preparing and Interpreting the Balance Sheet [LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5] [The following information applies to the questions displayed below] Julie's Allen Interiors incorporoted is a leading manufacturer and retaller of home furnishings in the United States and abroad. The following is adapted from Julie's Allen's June 30,2019 , trial balance. (The amounts shown represent millions of dollars.) Assume that the following events occurred in the following quarter. a. Pald $60 cash for additional inventory. b. Issued additional shares of common stock for $25 in cash. c. Purchased equipment for $190; paid $90 in cash and signed a note to pay the remaining $100 in two years. d. Signed a short-term note to borrow $13 cash. e. Conducted negotiations to purchase a sawmill, which is expected to cost $34. PA2-3 (Algo) Part 7 7-a. Use your response to part 6 to calculate Julle's Allen's current ratio after the transactions listed in (o)-(e). 7-b. Compare Ethan Alien's current ratio at June 30, 2019 with its current ratio after the transactions listed in (a)-(e), and indicate whether the transactions increased or decreased the company's ability to pay current liabilities. Complete this question by entering your answers in the tabs below. 7-a. Use your response to part 6 to calculate Julle's Allen's current ratio after the transactions listed in (a)-(e). 7-b. Compare Ethan Allen's current ratio at June 30, 2019 with its current ratio after the transactions listed in (a)-(e), and indic whether the transactions increased or decreased the company's ability to pay current llabilities. Complete this question by entering your answers in the tabs below. Compare Ethan Allen's current ratio at June 30, 2019 with its current ratio after the transactions listed in (a)-(e), and indicate whether the transactions increased or decreased the company's ability to pay current llabilities