A shareholder of Apolonia Ltd holds 20,000 shares representing 5% of the total number of shares issued. These shares were issued for $28 each but the shareholder has only paid $6 for each share. Apolonia Ltd has been wound up with outstanding debts of $54 million. State, to the nearest whole dollar, the amount of the shareholder's liability. Question 9 ROA (return on assets) is measured by Earnings before interest & tax / Average total assets Assume ROA is less than 100% and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: Receiving cash proceeds from a share issue [Select] 1 pts