Indicate the effect that each transaction/event listed here will have on the financial ratio listed opposite it, and provide an explanation for your answer. Use + for increase, - for decrease, and (NE) for no effect. Assume that current assets exceed current liabilities in all cases, both before and after the transaction/event.
Transaction Event
a. Split the common stock 2 for 1. Book value per share of common stock
b. Collected accounts receivable. Number of days
