7. Holding all other variables constant, which of the following could cause a firm's current ratio to increase from 2.5to3.0 ? An increase in a. inventory b. accounts payable c. Iong term debt d Inng tarm assets e. stockholder's equity 8. Butch forecasted next year's financial statements assuming $65,000 of depreciation. Alternatively, if Butch assumes depreciation to be $75,000 (all other numbers, including revenues and expenses are unchanged), the newly projected net income would be taxes would be and cash flow would a. higher, higher, higher b. lower, lower; lower c. lower, lower; higher d. lower, higher, lower e. higher, higher, lower 9. Holland Brewery has the following ratios compared with the industry: Relative to other microbreweries, is Holland Brewery's ratios inferior or superior? 10. Ileinn tha information brovided. calculate net income for 2020. 11. For the year 2019, Cherry Republic had net income of $5 million, sales of $45 million, and paid dividends of $4.5 million. Cherry Republic's beginning balance for retained earnings was $11 malion. Calculate Cherry Republic's ending balance for retained earnings