18. ABC reported cost of goods sold for the year of $100 million. Total assets

increased by $55 million but inventory declined by $ 6 million. Total

liabilities increased by $45 million but accounts payable decreased by $ 2

million. How much cash did the company pay to its suppliers during the

year?

19. ABC reports revenues of $50 million, total expenses of $ 35 million and

net income of $15 million in the most recent year. If accounts receivable

decreased by $12 million, how much cash did the company receive from

customers?

20. What are the formulas for the ratios Cash flow to revenue, Cash return

on assets, cash return on equity , cash to income? Also state what they

measure along with the formulas.

21. What are the formulas for the ratios debt coverage, interest coverage, debt

payment and dividend payment? What do the three ratios measure?

22. What are the three major classifications of activities in a cash flow state-

ment?

23. ABC reported revenues of $ 100 million, total expenses of $ 80 million, and

net income of $ 20 million in the most recent year. If accounts receivable

increased by $ 10 million, how much cash did the company receive from

customers?