Moorman Corporation reports the following information:

Correction of understatement of depreciation expense

in prior years, net of tax $ 430,000

Dividends declared 320,000

Net income 1,000,000

Retained earnings, 1/1/10, as reported 2,000,000

Moorman should report retained earnings, 31/12/10, as adjusted at

Select one: a. $2,250,000 b. $1,820,000 c. $3,430,000 d. $3,110,000

if quick ratio changed from 2.2 times in 2018 into 1.5 times in 2019. which of the following statements is true

Select one: a. the change in 2019 is favourable b. it is not good as it is below the norm c. the change is unfavourable