Complete the following table by indicating whether the transactions or economic events would increase, decrease, or have no effect on the financial ratios listed. Assume that the current ratio is greater than 1.0 and the quick ratio less than 1.0 before considering the effect of each transaction or economic event.

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a. Inventory is written down b. Inventory costing $5,000 is sold on credit for $11,000 c. Inventory is lost d. Inventory is written up following a writedown in the previous period e. Inventory is purchased for cash Gross Current Quick margin ratio ratio percentage Inventory Profit Debt-to- turnover margin equity ratio percentage ratio