state giving reason whether the current ratio will improve or decline or will have no effect in each of the following transactions if current ratio is 2:1
(a) cash paid to trade payabless.
(b) bills payable discharged
(c ) bills receivable endrosed to a creditor
(d) payment of final deivdend already declared
(e ) purchase of stock in trade on credit
(f) bills receivable endorsed to a creditor dishonoured.
(g) purchase of stock in trade for cash.
(g) purchase of stock in trade for cash
(h) sale of fixed assets (book value of rs 50000) for Rs 45000
(i) sale of fixed assets (book value of Rs 50000) for Rs 60000.