1.The taxes payable account increased from the beginning of the accounting period to the end of the accounting period. This impacts cash flow through a A) Decrease B)Increase C)Has No effect D)None of the above

2.Which of the following is a source of cash? A) Increase in accounts receivable B)Increase in inventories C)increase in accounts payable D) None of the Above

3.Which of the following ratios is the coverage ratio? A) return of assets B) Return on equity C)earning per share d) None of the above

4.Credit sales increase A) Cash B)Land C)Owners Equity D)Accounts payable E)None of the above

5.Which of the following ratios measures liquidity? A) Current B) Payout C) Gross margin D)Asset Turnover E)none of the above

6.A customer pays on an account receivable. The account that should be credited is A0Inventory B)Cash C)Accounts payable D)Accounts Receivable E)None of the above