Question 9 (1 point) Other things being equal, most managers would prefer to report liabilities as noncurrent rather than current. The logic behind this preference is that the long- term classification permits the company to report: Higher working capital and a higher inventory turnover. Lower working capital and a higher current ratio. Higher working capital and a higher current ratio. Higher working capital and a lower debt to equity ratio. Question 10 (1 point) Clark's Chemical Company received refundable deposits on returnable containers in the amount of $100,000 during 2018. Twelve percent of the containers were not returned. The deposits are based on the container cost marked up 20%. What is cost of goods sold relative to this forfeiture? SO. $2,000. $10,000. $14.400 Question 11 (1 point) In 2018, Holyoak Inc. offers a coupon for $20 off qualifying purchases of its new line of products. Holyoak sold 10,000 of these products during the year. By year end of 2018, 7.100 had been redeemed and the $20 reduction of purchase price provided to customers. Holyoak's historical experience with such coupons indicates that 85% of customers use the coupon What is the expense that Holyoak should report for its promotional coupons in its 2018 income statement? $142,000. $152.000 $170,000 $200,000