2.) A machine with a cost of $164,000, accumulated depreciation of $102,000, and current year depreciation expense of $25,500 is sold for $53,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:

a. $48,400.

b. $8,400.

c. $25,500.

d. $22,900.

e. $53,600.

3.) A company's sales in Year 1 were $350,000 and in Year 2 were $387,500. Using Year 1 as the base year, the percentage change for Year 2 compared to the base year is: (Round your answer to one decimal place.)

a. 90.5%.

b. 10.7%.

c. 10.5%.

d. 11.6%.

e. 100.6%.

4.) Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 trend percentages for cost of goods sold using 2014 as the base..

	2015	2014
Net sales	$ 282,200	$ 232,600
Cost of goods sold	150,700	130,790
Operating expenses	54,040	52,040
Net earnings	29,220	21,020

a. 115.2% for 2015 and 100.0% for 2014.

b. 53.4% for 2015 and 56.2% for 2014.

c. 35.9% for 2015 and 39.8% for 2014.

d. 121.3% for 2015 and 100.0% for 2014.

e. 67.0% for 2015 and 64.6% for 2014.

5.)A corporation reported cash of $14,200 and total assets of $178,500 on its balance sheet. Its common-size percent for cash equals:

a. 12.57%.

b. 20.69%.

c. 7.96%.

d. 14.73%.

e..96%.

6.)Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for cost of goods sold using Net sales as the base.

	2015	2014
Net sales	$ 456,600	$ 372,200
Cost of goods sold	201,400	133,880
Operating expenses	73,390	70,730
Net earnings	37,060	26,310

a. 122.7% for 2015 and 100.0% for 2014.

b. 166.2% for 2015 and 181.9% for 2014.

c. 44.1% for 2015 and 36.0% for 2014.

d. 60.2% for 2015 and 55.0% for 2014.

e. 8.1% for 2015 and 7.1% for 2014.