Question

1/ Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $39,500; net cash used in investing activities was $14,600 and net cash used in financing activities was $18,900. If the beginning cash balance is $7,300, what is the ending cash balance?

Multiple Choice

$80,300.

$65,700.

$42,500.

$6,000.

$13,300.

2/ company had net cash flows from operations of $124,000, cash flows from financing of $338,000, total cash flows of $512,000, and average total assets of $2,740,000. The cash flow on total assets ratio equals:

Multiple Choice

4.5%.

4.7%.

18.7%.

19.2%.

24.2%.

3/ Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Net income	$	87,100
Depreciation expense		13,800
Gain on sale of land		6,500
Increase in merchandise inventory		3,850
Increase in accounts payable		7,950

Multiple Choice

$32,000.

$16,600.

$38,500.

$17,600.

$98,500.

Answer 1