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-× https://courses aplia.com af/serviet/quiz?quiz action-takeQuiz&quiz probGuid-Q4PLC0A801 01 0000004565c1 300d0000&ctxzgos mond 003980 k=m153774826429. a Business Transaction 2: Phoenix Golf Club Co. (PGC)'s labor force goes on strike for two months, reducing the company's sales by 20.00%. Financial Account Affected by Transaction? Common stock Tax expense Notes payable Financial Ratio Inventory turnover Basic earning power Days sales outstanding Current ratio Operating profit margin Debt ratio Ratio's Behavior Grade It Now Save & Continue Continue wthout saving Copyright NoticesTerms of Use Privacy Notice Security Notice Accessibility 59:45 8:17

Explanation / Answer

Answer =1) Financial Accoount Affected By Transaction Remarks Common Stock No Tax Expenses Yes   Sales decreases effect will net taxable income alsoe decrease so tax exepenses also decrease Inventory Yes   Inventory will be reduced due to not production Sales Yes   Sales will decrease Notes Payble No No effect on this Answer =2 Financial Ratio Raio's Behaviour Inventory Turnover Decrease Basic Earning power Decrease Day's Sales outstanding Decrease Current Ratio Decrease Opearing profit margin No effect   Debt Ratio No effect

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