3 Homework: Chapter 3 Graded Homework Question 8, E3-28A (sim Part 1 of 5 Burt Wilson Company reported these ratios at December 31, 2018 (dollar amounts in millions): $20 Current ratio : Debt ratio = = 0.40 $50 Burt Wilson (Click to $20 $102.00 Read the res Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio, a. Purchased equipment on account, $5. (Review each transaction independently. Round calculations to two decimal placos.) Debt ratio Current ratio = current ratio debt ratio More Info Requirement 1. Determine whethe ratio and debt ratio a. Purchased equipment on account, $5 b. Paid long-term debt, $12 c. Collected cash from customers in advanco, $4 d. Accrued interest exponse, $3 6, Mado canh Balow, $11. Print Done Burt Wilson Company completed these transactions during 2019: (Click the icon to view the transactions.) Read the requirement ERRE Himal places.) Requirement 1. Determine whether each transaction improved or hurt the company's current ratio and debt ratio. Print Done