For each of the following transactions,indicate whether the current ratio increases (IN),decreases (DE),or is not affected (NA).
a.Purchased equipment for cash
b.Paid a current liability
c.Cash received from outstanding accounts receivable
d.Cash sale of a long-term asset for a gain
e.Purchased inventory on credit

Question

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The Answer of For each of the following transactions,indicate whether the current ratio increases (IN),decreases (DE),or is not affected (NA).
a.Purchased equipment for cash
b.Paid a current liability
c.Cash received from outstanding accounts receivable
d.Cash sale of a long-term asset for a gain
e.Purchased inventory on credit

For Each of the Following Transactions,indicate Whether the Current Ratio