30 1 pts A company declared and paid $1 million in dividends to its common shareholders. What effect did this have on the company? O The debt-to-equity ratio decreased. O The debt-to-equity ratio increased. O Earnings per share decreased. Earnings per share increased. ABC Limited reported the following amounts in its financial statements: Average inventory Cost of goods sold Year 2 Year 1 $100,000 $60,000 2,000,000 1,500,000 Refer to ABC Limited. Which of the following best describes the company's efficiency in managing inventory from Year 1 to Year 2? It improved; the inventory turnover ratio increased. It improved; the inventory turnover ratio decreased. O It declined; the inventory turnover ratio decreased. O It declined; the inventory turnover ratio increased