Avalon Corporation engaged in the transactions listed in the first column of the following table. Opposite each transaction is a ratio and space to indicate the effect of each transaction on the ratio.

REQUIRED

Show that you understand the effect of business activities on performance measures by placing an X in the appropriate column to show whether the transaction increased, decreased, or had no effect on the indicated ratio.

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Increase Decrease None turmover c. Collected on accounts receivable. d. Wrote off an uncollectible account. e. Paid on accounts payable. f. Declared cash dividend. g. Incurred advertising expense. h. Issued stock dividend. i. Issued bonds payable. ). Accrued interest expense. k. Paid previously declared cash dividend. Dividends yield Return on equity Return on assets