Vince Corporation has current assets of $300,000 and current liabilities of $175,000 Required: Compute the effect of each of the following transactions on Vince's current ratio: a. Refinanced a $50,000 long-term mortgage with a short-term note. b. Purchasing $80,000 of merchandise inventory with short-term accounts payable. c. Paying $30,000 of short-term accounts payable. d. Collecting $40,000 of short-term accounts receivable, Essey Toolber navigation s