Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 29

Determining the Effects of Transactions on Debt-to-Assets, Asset Turnover, and Net Profit Margin Ratios
Using the transactions in PB5-1, complete the following table by indicating the sign of the effect (+ for increase, for decrease, NE for no effect, and CD for cannot determine) of each transaction. Consider each item independently.