20. Key financial management decisions that firms are faced with to maximize shareholder value includes ______________: A) Capital budgeting, Capital structuring, and Working capital management decisions. B) Marketing, Capital structuring, and Balance sheet optimization. C) Funding, Marketing, and Investing D) Working capital management, Marketing, Investing E) None of the above 21. The net profit margin of a company can be calculated as: A) Net Income divided by Revenue B) Revenue divided by Cost of Goods Sold C) Number of shares outstanding divided by Revenue D) Sales divided by Expenses E) None of the above 22. The Cooper Securities Investment Bank, dealers in Commodity Trades, had the following income statement information for the year ended 2022: Net Sales $4,000,000.00 COGS $3,000,000.00 Other operating expenses $500,000.00 Interest expense $100,000.00 Tax expense $120,000.00 For the year ended 2022, calculate CSIBs gross profit. A) $280,000.00 B) $500,000.00 C) $1,000,000.00 D) $620,000.00 E) None of the above 23. The three major classifications of activities in a cash flow statement are? A) Cash inflows, Cash outflows, and Net flows. B) Operating Activity, Investing Activity, and Financing Activity. C) Revenues, Expenses, and Net Income. D) Operating Activity, Net Income, and Financing Activity. E) Financing Activity, Operating Activity, and Net Inflows. 24. Medina Fashion Designer Inc. sold a building for cash during the fiscal year. What type of activity on the cash flow statement would the sale be classified? A) Operating Activity. B) Investing Activity. C) Financing Activity. D) Increase in Cash Account. E) Reduction in Cash Account.