Determine the effect on the current ratio, the quick ratio, net working capital (current assets minus current liabilities), and the debt ratio (total liabilities to total assets) of each of the following transactions. Consider each transaction separately and assume that prior to each transaction the current ratio is 1.5x, the quick ratio is 0.9x, and the debt ratio is 60%. The company uses an allowance for doubtful accounts. THINK ABOUT WHAT IS INCLUDED IN EACH PORTION OF THE RATIO. Use "I" for increase, "D" for decrease, and "N" for no change. Explain your assumptions. Be ready to defend your answers in class. Transaction A Makes a $3,000 profitable sale for cash. B Purchases $5,000 in inventory on account (credit). C Takes a $10,000 impairment to goodwill. D Receives a $5,000 payment from a customer from a previous sale. E Sells $15,000 in long-term investments for book F value. Writes off $2,000 in bad debt. G Pays down long-term debt with cash on hand. Net Current Quick Debt Ratio Ratio Working Capital Ratio