Question: ? Problems Problem 1 Indicate the effects of the transactions listed below on each of the following: total current assets, working capital (CA - CL.),

? Problems Problem 1 Indicate the effects of the transactions listed below on each of the following: total current assets, working capital (CA - CL.), and current ratio. Indicale increase with "+" indicate decrease with and indicate no effect or effect cannot be determined with "0." Asume an initial current ratio of greater than 10 Total Current Working Current Assets Capital Ratio 1. Poud is sold for cash. 2. Equipment is sold at less than its net book value 3. Beverages are sold on account. H. A cash dividend is declared. 5. Accrued payroll is paid. 6. Treasury stock is purchased. 7. A fully depreciated fixed asset is retireu

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