Please answer the following question showing all work.

Please answer the following questions correctly showing all work Questions 1. Current Ratio Which of the following transactions is most likely to increase the current ratio? a. b. c. d. Prepayment of an insurance premium Advance payment for subscriptions received from customer Purchase of merchandise for cash Sale of merchandise (at a profit) on account 2. Return on Assets: Multiple Choice Question. Jupiter, Inc. had net sales of $3,520,000, gross profit of $1,496,000, and total expenses (operating and non-operating) of $904,000. There were no other losses or gains. Total assets were $3,080,000 What was Jupiter's rate of return on assets? a. 1.423 b. 0.266 c. 0.192 d. 0.849