Complete the table below by indicating whether the transactions or economic events would increase, decrease, or have no effect on the financial ratios listed in the period they occur in. Assume the current ratio is greater than 1.0 before considering each of thesituations.

Debt-to Return on Profit margin Current ercentage Fixed-asset equity ratioturnover ratio assets ratio a. Writedown of a machine b. A company that follows IFRS decides that it will account for its building at fair value. It determines that the fair value of the land has increased from $1 million to S4 million. Changes in fai value are included in net income c. Equipment is purchased during the year. A full year of depreciation is expensed in the year of purchased d. Capitalize development costs. Costs were incurred in cash and depreciation will begin in a future period