Accounting: Effects of Transactions on Ratios a. Sold merchandise on account - Current ratio effect would be Increase, Decrease, or None b. Sold merchandise on account - Inventory turnover would be Increase, Decrease, or None c. Collected on accounts receivable - Quick ratio would be Increase, Decrease, or None d. Wrote off an uncollectible acct = Receivable turnover would be Increase, Decrease, or None e. Paid on accounts payable - current ratio would be increase, decrease, or none f. Declared cash dividend - return on equity would be increase, decrease or none g. Incurred advertising expense - profit margin would be increase, decrease or none h. issued stock dividend = debt to equity ration would be increase, decrease or none i. Issued bonds payable/ asset turnover would be increase, decrease or none j. accrued interest expense/current ratio would be increase, decrease or none k. paid previously declared cash dividend would be increase, decrease or none l. purchased treasury stock/ return on assets would be increase, decrease or none m. recorded depreciation expense/ cash flow yield would be increase, decrease or none