For each of the events or transactions on the following page, indicate the effect on each ratio listed. Use I to indicate increase, D to indicate decrease and NE to indicate no effect.Debt to Equity Debt to Assets Financial leverage Current Ratio
a. Sold commons stock to investors
b. Borrowed cash from a bank on long-term note
c. Paid cash dividends on stock
d. Sold inventory for cash (at a small profit)
e. Paid of loans in part b
f. Bought stock of another company
g. Purchased treasury stock