Hermann Company reported these ratios at December 31, 2014 (dollar amounts in millions):

Current ratio = $50 / $40 = 1.25

Debt ratio = $40 / $70 = 0.57

Hermann Company completed these transactions during 2015:

a. Purchased equipment on account, $8

b. Paid long-term debt, $5

c. Collected cash from customers in advance, $7

d. Accrued interest expense, $2

e. Made cash sales, $6

Determine whether each transaction improved or hurt Hermann’s current ratio and debt ratio.