Current Ratio (Current Assets) / (Current Liabilities) Gross Margin Ratio (Gross Margin) / (Net Sales) Cash Flows to Assets Ratio (Net Cash Flows from Operating Activities) / (Average Total Assets) Lengel's Dairy used supplies that it purchased in a prior period. The supplies are not considered to be inventory to the company. Multiple Choice The Current Ratio will decrease, the Gross Margin Ratio will decrease, and the Cash Flows to Assets Ratio will increase. The Current Ratio will increase, no effect on the Gross Margin Ratio, and the Cash Flows on Assets Ratio will decrease The Current Ratio will decrease, no effect on the Gross Margin Ratio, and no effect on the Cash Flows to Assets Ratio: The Current Ratio will decrease, no effect on the Gross Margin Ratio, and the Cash Flows to Assets Ratio will increase Debt to Equity Ratio Profit Margin Ratio Dividend Yield Ratio (Total Liabilities)/(Total Stockholders' Equity) (Net Income) / (Net Sales) (Dividends per Share) / (Market Price per Share) Eric's Elephant Training began discussions in the current period for a $1 million contract with Big Ted's Circus. Multiple Choice The Debt to Equity Ratio will decrease, no effect on the Profit Margin Ratio, and no effect on the Dividend Yield Ratio The Debt to Equity Ratio will decrease, the Profit Margin Ratio will decrease, and no effect on the Dividend Yield Ratio No effect on the Debt to Equity Ratio, no effect on the Profit Margin Ratio, and no effect on the Dividend Yield Ratio O No effect on the Debt to Equity Ratio, the Profit Margin Ratio will increase, and no effect on the Dividend Yield Ratio