Vegas Allen Interiors Incorporatedis a leading manufacturer and retailer of home furnishings in the United States and abroad The following is adapted from Vegas Allen's June 30, 2019, trial balance (The amounts shown represent millions of dollars ) Accounts Payable $ 152 Accounts Receivable 22 Cash 124 Common Stock 39 Equipment 335 Inventory 160 Notes Payable (long term) 195 Notes Payable (short term) 2 Prepaid Rent 41 Retained Earnings 357 Salaries and Wages Payable 32 Software 95 Assume that the following events occurred in the following quarter Paid $30 cash for additional inventory Issued additional shares of common stock for $25 in cash Purchased equipmentfor $210 paid $100 in cash and signed a note to pay the remaining $110 in two years Signed a short term note to borrow $13 cash Conducted negotiations to purchase a sawmill, which is expected to cost $46 PA2 3 (Algo) Part 7 7 a Use your response to part 6 to calculate Vegas 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 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 Req 7A Req 7B Use your response to part 6 to calculate Vegas Allen's current ratio after the transactions listed in (a) (e) (Round your answer to 2 decimal places ) Current ratio after transactions (a) (e)

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Vegas Allen Interiors Incorporatedis a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Vegas Allen's

Vegas Allen Interiors Incorporatedis a leading manufacturer and retailer of home furnishings in the United States and abroad. The following is adapted from Vegas Allen's June 30, 2019, trial balance. (The amounts shown represent millions of dollars.)

Accounts Payable	$ 152
Accounts Receivable	22
Cash	124
Common Stock	39
Equipment	335
Inventory	160
Notes Payable (long-term)	195
Notes Payable (short-term)	2
Prepaid Rent	41
Retained Earnings	357
Salaries and Wages Payable	32
Software	95

Assume that the following events occurred in the following quarter.

Paid $30 cash for additional inventory.
Issued additional shares of common stock for $25 in cash.
Purchased equipmentfor $210; paid $100 in cash and signed a note to pay the remaining $110 in two years.
Signed a short-term note to borrow $13 cash.
Conducted negotiations to purchase a sawmill, which is expected to cost $46.

PA2-3 (Algo) Part 7 7-a. Use your response to part 6 to calculate Vegas 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 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. Req 7A Req 7B Use your response to part 6 to calculate Vegas Allen's current ratio after the transactions listed in (a)-(e). (Round your answer to 2 decimal places.) Current ratio after transactions (a)-(e)