Spanish English (UK) al) Question 14 --/3 A firm has $ 1.2 million in current assets and $ 1 million in current liabilities. If the company use $ 0.5 million of cash to pay any of your accounts payable, what will happen to the "current ratio"? 1 A. the "current ratio" will not be affected " B. evidently the "current ratio" 2 will decrease when using cash 3 C. the current ratio will decrease from 1.4 to 1.2 4 D. the "current ratio" will increase from 1.2 to 1.4 " 5 E. the "current ratio" will decrease by 17% Question 15 -- 13 Marine Outlets, Inc. had $ 14 million in sales on last year, COGS of $ 8 million, expense for $ 2 million depreciation, $ 1 million in payment for long-term debt interest. If the "tax rate" of the signature is 35%, how much is the Net Income of the Firm? A. $ 3.95 million 2 B. $ 2.95 million 3. C. $ 1.05 million D. $ 1.75 million E. $ 1.95 million Question 16 --/2 An increase in the "Accounts Receivables" account in 2019, compared to the previous year, 2018, it is in a 2019 cash flow increase. A. true 2 B. false Question 17 --/2 Two of the advantages offered to owners are Pass-Through Business type companies are: lower tax payment and unlimited risk limited risk and tax payment 2 Lower paying higher taxes and 3 unlimited risk 4 None of the above