State whether each of the following transactions improves, hurts, or has no effect the current ratio and debt ratio.
Definitions:
Every 5 Years
An expression denoting an event or occurrence that takes place at intervals of five years.
Every Year
An annually recurring period or event, indicating something that happens once every calendar year.
Absolute Confidentiality
The strict obligation to not disclose information shared in a private setting to any third parties without clear consent.
Legal Proceedings
Activities that seek to invoke or are in accordance with the law, including trials, hearings, and other formalities leading to the enforcement or recognition of legal rights.
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