Ch 9 HW - Financial Statement Analysis Help Save & Exit Submit Check my work Required Indicate the effect of each of the following transactions on (1) the current ratio,2) working capital, (3) stockholders' equity. (4) book value per share of common stock, and (5) retained earnings. Assume that the current ratio is greater than 1:1. (Indicate the effect of each transactions by selecting""for increase,""for decrease, and "NC" for no chango.) 2.75 points a. Collected account receivable b. Wrote off account receivable c. Converted a short-term note payable to a long-term note payable d. Purchased inventory on account. e. Declared cash clividend f. Sold merchandise on account at a profit. g. Issued stock clividend. h. Paid account payable . Sold building at a loss. eBook Pitnt References ing Value Earnin d. 0. h.