The following balances were taken from the December 31, 2014, balance sheet of Manpower Inc., a world leading workforce provider (dollars in millions):

Current assets .....................$5,034
Long-term assets ..................2,149
Current liabilities ..................3,375
Long-term liabilities .................865
Shareholders€™ equity ............2,943
Early in 2015, Manpower considered the financial effects of several events.

REQUIRED:
For each of the five events listed here, indicate how each event would affect the financial ratios listed by completing the following chart. Assume that financial statements are prepared immediately after each event. Treat each event independently, and use the following key: increase (+), decrease (ˆ’), and no effect (NE).

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Net Income Total Liabilities Current Assets Current Liabilities Shareholders' Equity Sales 1. Purchase equipment for cash. 2. Purchase machinery in exchange for a long-term note payable. 3. Pay salaries, which have not been accrued, to employees. 4. Declare a dividend. 5. Issue common stock to satisfy a current obligation.