13. In a recent year Ayayai Corp. had net income of $140000, interest expense of $27500, and income tax expense of $37500. What was Ayayai Corp.'s times interest earned (rounded) for the year?

a)6.45

b)7.45

c)5.09

d)6.09

21. The primary purpose of the statement of cash flows is to

a)provide information about the investing and financing activities during a period.

b)prove that revenues exceed expenses if there is a net income.

c)provide information about the cash receipts and cash payments during a period.

d)facilitate banking relationships.

22. Which one of the following items is not generally used in preparing a statement of cash flows?

a)Additional information.

b)Current income statement.

c)Adjusted trial balance.

d)Comparative balance sheets.