1. X Company has the following:

   Current Assets $40

   Total Assets $100

   Current Liabilities $20

   Total Liabilities $60

   Net Income $10

   Record the impact of the following December 31 transactions on the ratios and financials for X Co.

   I=Increase, D=Decrease, N=Not Change

   Bought inventory on credit

   Net Income will ____ Cash flow will ___ Current ratio will ___ ROA will ___ ROE will ___