Most decisions made by management impact the ratios analysts use to evaluate pe

Most
decisions made by management impact the ratios analysts use to
evaluate performance. Indicate (by letter) whether each of the actions
listed below will immediately increase (I) decrease (D) or have no
effect (N) on the ratios shown. Assume each ratio is less than 1.0
before the action is taken. Current Acid-test Debt to Action Ratio Ratio Equity Ratio1. Issuance of long-term bonds 2. Issuance of short-term notes 3. Payment of accounts payable 4. Purchase of inventory on account 5. Purchase of inventory for cash 6. Purchase of equipment with a 4-year note 7. Retirement of bonds 8. Sale of common stock 9. Write-off of obsolete inventory 10. Purchase of short-term investment for cash 11. Decision to refinance on a long-term basis some currently maturing debt