Part A [9 marks) Based on the 2021 ratios below, for each of the following transactions or events, indicate the directional effect (increase, decrease, no effect) on the Debt to Equity ratio, ROA and current ratio in the answer table below. Note that you must select either 'increase', 'decrease' or 'no effect: A blank response will be marked as incorrect. 2021 Debt to Equity 1.5 times ROA 9% Current ratio 0.95:1 Note: Treat each transaction independently Ratio Formulae are provided at the bottom on this page Ignore any tax impacts (a) A payment of $20,000 is received from a customer for consulting services to be provided next month. (b) The company sold a machine for $5000 in cash. The book value of the machine was $6000 (c) The company sent an invoice for $50,000 to a customer for the year's consulting work performed. Required: Provide your answers in the table below. Transaction Effect on the Debt to Equity Effect on ROA Effect on Current Ratio (2021 - 9%) (2021-0.95:1) (2021 -1.5 times) (a) . 4 (b) (c) 41 . Note: Use the following formulae for ratio calculations if required. Asset Turnover = Sales Revenue / Total Assets Current Ratio = Current Assets / Current Liabilities Days in Debtors = 365/Debtors Turnover Days in Inventory = 365/ Inventory Turnover Debt to Equity = Total Liabilities / Shareholders' Equity Debtors Turnover = Credit Sales / Accounts Receivable Dividend Payout Ratio - Dividends per Share / Earnings per Share Inventory Turnover = COGS / Inventory