Put a + if the relationship is positive; put a - if the relationship is negative. If there is no relationship, leave blank or write NC.

The sale of a fixed asset for cash _________ accounts payable. __________ days sales outstanding,

and _______________ the current ratio.

Paying accounts payable faster _______________ the firms need for funds.

Buying (acquiring) commercial paper ___________ net working capital ___________ the debt ratio, and ___________ inventory turnover.

When a firm issues bonds, retained earnings ________ and the quick ratio ________.

If inventory is sold for a loss, times-interest earned __________.

Operating at a profit _____+___ retained earnings and __________ short-term debt.

If inventory is sold at cost on credit, net working capital _________.

If cash dividends are paid, the current ratio _________ and the debt ratio ________.

If an account payable is refinanced with a short-term loan, net working capital ________and days sales outstanding ________.

If the yield curve is positively sloped and short-term debt is substituted for long-term debt, the debt

ratio _______ and depreciation _______.

If accounts receivable are sold at a discount (factored) , dividends _______, total asset turnover

_________, and federal income taxes ________.

As interest owed accrues, times-interest earned _______ and federal income taxes _______.