Complete the following table by indicating whether the transactions or economic events would increase, decrease, or have no effect on the financial ratios listed. Consider each item independently. State any assumptions you make. Explain yourreasoning.

Average payment period Returm G Gross Earnings Curent for accounts on margin per ratio payable assetsperhare S1.75 Ratio before the transactions economic events 1.3 38 12.5%| 48% a. Accrual of wages owed to employ- ees at the end of a period; amount included in accounts payable b. Writedown of inventory to net realizable value; amount included in cost of goods sold c. Payment of a previously declared d. Purchase of land in exchange fora e. Repurchase of common shares dividend long-term note payable for cash