Return on equity (ROE) is measured by Profit / Average total equity Assume ROE is less than 100% and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors Asset turnover (ATO) is measured by Revenue / Average total assets. Assume ATO is currently 1.5 times p.a. and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors The Quick ratio is measured by (Cash + Receivables) / Current liabilities. Assume this ratio is currently 80% (or 0.8:1 ) and that the cash balance remains positive at all times. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: Recognising a gain from the cash sale of a non-current asset Return on equity (ROE) is measured by Profit / Average total equity Assume ROE is less than 100% and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors Asset turnover (ATO) is measured by Revenue / Average total assets. Assume ATO is currently 1.5 times p.a. and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors The Quick ratio is measured by (Cash + Receivables) / Current liabilities. Assume this ratio is currently 80% (or 0.8:1 ) and that the cash balance remains positive at all times. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: Recognising a gain from the cash sale of a non-current asset