Indicate the effects of the transaction listed below on each of the following total current assets, working capital (CA-CL), and current ratio. Indicate increase with “+,” indicate decrease with “—“...

1. Indicate the effects of the transaction listed below on each of the following total current assets, working capital (CA-CL), and current ratio. Indicate increase with “+,” indicate decrease with “—“ and indicate no effect cannot be determined with “0.” Assume and initial current ration of greater than 1.0.

                                                                        Total

                                                                        Current            Working           Current

                                                                        Assets              Capital             Ratio

1. Food is sold for cash. _____               ______             ______


2. Equipment is sold less
   Than its book value. _____               ______             ______


3. A cash dividend is declared. _____               ______             ______


4. Treasury stock is purchased. _____               ______             ______


5. A fully depreciated fixed asset
   is retired.                         _____               ______             ______


6. Equipment is purchased with
   long-term notes. _____               ______             ______


7. Utility expenses are paid (they
   were not previously accrued). _____               ______             ______

A cash dividend is paid.                         _____               ______             ______