Debt-Equity Ratio of Z Ltd. is 2: 1. State with reason whether the following transactions will improve, decline or will not change the debt-equity ratio:
(i) Conversion of 3,00,000, 9% debentures into equity shares.
(ii) Cash received from debtors ₹1,00,000
(iii) Redemption of 10,00,000, 11% debentures.
(iv) Purchase of goods on credit ₹4,00,000.