1.Mussa Corporation reports the following data:

Net sales

$270,000

Cost of goods sold

180,000

Gross profit

$90,000

In vertical analysis, the cost of goods sold percentage is closest to: (Round your final answer to the nearest whole percentage, X%)

A.

33%.

B.

200%.

C.

50%.

D.

67%.

2.The following information pertains to UtahUtah

Company:

Save Accounting Table... + Copy to Clipboard... + Net income . . . . . . . . . . . . . . . . . . . . . . . . . . .

$60,000

Increase in accounts payable . . . .

$10,000

Depreciation expense . . . . . . . . . . . . . . . . . .

13,000

Acquisition of equipment

Payment of dividends . . . . . . . . . . . . . . . . . . .

2,000

with cash . . . . . . . . . . . . . . . . . . . .

23,000

Increase in accounts receivable . . . . . . . . . .

2,000

Sale of treasury stock . . . . . . . . . .

2,000

Collection of long-term notes receivable . . . .

12,000

Payment of long-term debt . . . . . .

9,000

Loss on sale of land . . . . . . . . . . . . . . . . . . . .

17,000

Proceeds from sale of land . . . . .

41,000

Decrease in inventories . . . . . . . .

4,000

Net cash provided by (used for) investing activities would be

A.$(123,000).

B.

$30,000.

C.

$120,000.

D.

$98,000.