1, Which one of the following is not a factor that changes a companys pension obligation during the year.

A) Interest cost

B) Actuarial losses (gains)

C) Benefits paid

D) Service cost

E) Contributions to the pension plan

2, A company reports the amounts below in its statement of cash flows.

Net cash flow from investing activities	$66,480
Net cash flow from financing activities	$30,780
Total net cash flow	$123,000
Current liabilities beginning of year	$19,500
Current liabilities end of year	$23,400

What is the companys operating cash flows to current liabilities ratio?

A) 1.19

B) 1.30

C) 1.20

D) 6.21

E) None of the above