6. Strongdosk, Inc. has current assets of $200,000 and current liabilities of $100,000. If the company uses $20,000 cash to pay accounts payable, its current ratio would: a) Improve. Worsen. Remain the same. The effect cannot be determined with this information. None of the above. 9. abodo During the past year, Glanville Siding Company's assets increased $2,000, its liabilities decreased $1,000, its share capital increased $2,000, and its net income was $3,000. Dividends declared were: a) $1,000. b) $2,000. $3,000. $4,000. e) $5,000. 8 11. The bookkeeper of Harnett Ltd has just written off as uncollectible an account receivable worth $2,000. If Harnett uses the allowance method, this write-off will: abouo Decrease Harnett's current ratio. Increase Harnett's asset turnover ratio. Decrease Harnett's earnings per share. A, B and C. Have no effect on Harnett's financial ratios