1.

The following is select information for Real Co. during 20x6:

	20x6	20x5
Land	$25912.49	$5346.77
Common shares	43948	10685
Long-term notes payable	7754.51	19031.5

In addition, land with a fair market value of $20565.72 was acquired for $5,000 cash and 900 common shares. Another set of common shares valued at $11276.99 were issued to retire a $11276.99 long-term note payable. Which of the following total amounts would appear in the cash flow from financing activities section of the statement of cash flows:

Select one:

a. 33263.00

b. 6420.29

c. 21986.01

d. 20565.72

2.

During 20x5, Rand Co. purchased $961562 of inventory. The cost of goods sold for 20x5 was $932199, and the ending inventory at December 31, 20x5, was $172483. What was the inventory turnover for 20x5?

Select one:

a. 5.57

b. 6.09

c. 5.91

d. 5.40