Question 7 Hardy Company has current assets of $180,000, current liabilities of $150,000, non-current assets of $270,000 and non-current liabilities of $135,000. Hardy Company's working capital and its current ratio are $165,000 and 1.20:1. $30,000 and 1.58:1. ($30,000) and 1.20:1. $30,000 and 1.20:1. Question 9 A retail store credited the sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to 525,000,000 what is the amount of the sales taxes owed to the taxing agency? O 525,000,000 500,000,000 O 26,250,000 O 25,000,000 Question 11 Corporations generally issue share dividends in order to decrease the amount of capital in the corporation. exceed shareholders' dividend expectations. increase the marketability of the shares. increase the market price per share. Question 12 Agler, Inc. has 10,000 shares of 5%, $100 par value, cumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2017. If the board of directors declares a $40,000 dividend, the preference shareholders will receive $20,000 and the ordinary shareholders will receive $20,000. preference shareholders will receive 1/10th of what the ordinary shareholders will receive. preference shareholders will receive the entire $40,000. $50,000 will be held as restricted retained earnings and paid out at some future date