Indicate the Effect of the Following Actions on Cash Levels

Indicate the effect of the following actions on cash levels and current ratio. Assume the company has a current ratio greater than one. Indicate whether the effect is to increase (I), decrease (D) or if it has no effect (NE). Consider each action independently of others. $\begin{array}{lr}&\text { Current Ratio}&\text { Cash }\\ \text { Increased credit limits to maintain sales levels } &\\ \text { Convert to just-in-time inventory system } &\\ \text { Change from FIFO to weighted average inventory } &\\ \text { method (rising prices)} &\\ \text { Pay suppliers more slowly} &\\ \text {Sell accounts receivable at face value } &\\ \text { Capitalize leases that were previously classified} &\\ \text {as operating leases } &\\ \text { Increase bad debt expense } &\\ \text { Sell equity} &\\ \text { Issue stock dividend} &\\ \text { Write-down inventory} &\\ \text { } &\\\end{array}$