1. A company had net cash flows from operations of $133,000, cash flows from financing of $356,000, total cash flows of $539,000, and average total assets of $3,280,000. The cash flow on total assets ratio equals:

Multiple Choice

• 16.4%.

• 4.1%.

• 4.3%.

• 16.5%.

• 24.7%

• 2. In preparing a company's statement of cash flows using the indirect method, the following information is available:

  Net income	$	54,000
  Accounts payable increased by		18,200
  Accounts receivable decreased by		25,200
  Inventories increased by		5,400
  Depreciation expense		30,600

  Net cash provided by operating activities was:

  Multiple Choice

• $122,600.

• $83,000.

• $133,400.

• $61,400.

• $72,200.

• 3. Mayweather reports net income of $350,000 for the year ended December 31. It also reports $117,100 depreciation expense and a $12,700 loss on the sale of equipment. Its comparative balance sheet reveals a $51,000 increase in accounts receivable, a $12,900 decrease in prepaid expenses, a $19,700 increase in accounts payable, a $16,100 decrease in wages payable, a $94,800 increase in equipment, and a $127,000 decrease in notes payable. Calculate the net increase in cash for the year.

  Multiple Choice

• $350,500.

• $223,500.

• $445,300.

• $318,300.

• $236,200.