1) What would be the immediate impact (increase, decrease, or no effect) of the following transactions on (i) ROE, (ii) ROIC, and (iii) the Current Ratio for Anchor Corp? Ignore depreciation, interest expense and taxes.

a) Anchor purchases machinery using trade credit for $20,000.

b) Anchor collects $30,000 from customers on accounts receivable.

c) Anchor pays off bank-notes payable for $10,000 by rolling short-term debt into long-term debt of 5-year bonds at the same interest rate.

d) Anchor sells common stock for $30,000.

e) Anchor acquires a trademark for $20,000. It pays $10,000 in cash and signs a $10,000 note payable due in 3 years.