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State the effect of the following transactions on the current ratio. Select increase (a) Collection of an accounts receivable. (b) Declaration of cash dividends. c) Additional stock is sold for cash. No effect Increase Decrease 2) Short-term Investments are purchased for cash. 2) Equipment is purchased for cash. Inventory purchases are made for cash. Accounts payable are paid. ck if you would like to Show Wk for this question: Open Shew Work