Debt to Capital Employed ratio is 0.3:1. State whether the following transactions, will improve, decline or will have no change on the Debt to Capital Employed Ratio. Also give reasons for the same.

• Sale of Equipments costing ₹10,00,000 for ₹9,00,000.
• Purchased Goods on Credit for ₹1,00,000 for a credit of 15 months, assuming operating cycle is of 18 months.
• Conversion of  into Equity Shares of ₹2,00,000.
• Tax Refund of ₹50,000 during the year

Marks-4, CBSE:2022-23/Sample/Q-33*