Suppose a firm issues short-term interest-bearing notes and uses the proceeds to purchase inventories. Assume, further, that the decision turns out to be a good one for the firm. Assume the firm's profits for the year remain unchanged.
Required:
Indicate how the use of the notes would affect the indicated ratios immediately following the decision unless otherwise indicated by the symbol *, which means indicate the effect over the year but before any of the liability is repaid. Use the following symbols: U for up, D for down, and NC for no change.

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Effect on Ratio a. Current ratio b. Working capital to total assets c. Net cash to current liabilities d. Debt to equity. e. Debt to total assets f. Times interest eamed* Cash flow per share* h. Return on total assets* Numerator Denominator Ratio on