Question: III. Filling the blanks (10%) Transaction Ratio Effect Decrease None Increase a. Sold merchandise on account. Quick ratio b. Collected on accounts receivable. Incurred advertising

III. Filling the blanks (10%) Transaction Ratio Effect Decrease None Increase a. Sold merchandise on account. Quick ratio b. Collected on accounts receivable. Incurred advertising expense. Gross margin Return on equity c. d. Issued common stocks Equity multiplier e Declared cash dividend. Profit margin 2

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