(Determining the effects of transactions on ratios, LO 2) Complete the following table by indicating whether the following transactions or economic events would increase, decrease, or have no effect on the financial ratios listed. Consider each item independently. State any assumptions you make. Explain your reasoning.

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Inventory turnover ratio Return Gross margin Debt-to-equity on assets percentage ratio 1.47 3.5 12% 48% 1.8:1 Ratio before the transactions/ economic events a. Payment of a $1,000,000 dividend. b. Accrual of an extraordinary loss on expropriation of land. c. Early retirement of a long-term liability. d. Payment of an obligation by supplying inventory instead of paying cash. e. Write-down of a capital asset to net realizable value. f. Purchase of inventory on credit. Current ratio