Question: Indicate the effect that each transaction/event listed here will ave on the financial ratio listed opposite it, and provide an explanation for your answer. Use

Indicate the effect that each transaction/event listed here will ave on the financial ratio listed opposite it, and provide an explanation for your answer. Use + for increase, - for decrease, and (NE) for no effect. Assume that current assets exceed current liabilities in all cases, both before and after the transaction/event. Transaction/Event Financial ratio +/- Explanation a. Purchased inventory on account. Number of days

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