Indicate whether each of the following transactions and economic events will increase, decrease, or have no effect have on the current ratio, quick ratio, accounts receivable turnover ratio, and the average collection period of accounts receivable. Assume that the current and quick ratios are greater than 1.0 before each of the items is considered.

1. Credit sale.

2. Recording a new long-term receivable.

3. Cash sale.

4. Writing off an uncollectible account.
5. Recording the bad debt expense.

6. Collection of accounts receivable.
7. Purchase of inventory on credit.
8. Anew short-term bank loan.
9. Reclassification of a long-term receivable as current (because it will come due within 12 months).
10. A GIC classified as a cash equivalent matures and cash is received from the bank.