What would be the direction of the effect of the following transactions on the following...
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Accounting
What would be the direction of the effect of the following transactions on the following ratios (+ for increase, - for decrease)? Consider each item independently. (Select "NE" if there is no effect.) a Repaid principal of $2,000 on a long-term note payable with the bank. b. Recorded rent expense of $100 paid for in cash. Transaction Net Profit Margin Return on Assets Current Ratio b
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