A company had average total assets of $1,660,000, total cash flows of $320.000, cash flows from operations of $205.000, and cash flows from financing of $750,000. The cash flow on total assets ratio equals: 1 Multiple Choice o 452 o O 220 o 1165 o 23 o Oss Exam III - Chapters 8 - 13 i The purchase of equity securities is classified as an investing activity. 17 True or False True False All of the following are true regarding the statement of cash flows except 18 Multiple Choice 0 Operating activities include transactions and events that affect net Income. 0 O Financing activities include trahsactions that affect long-term liabilities and equity. 0 O Investing activities include transactions that affect issuance of common stock. 0 O Investing activities include transactions and events that come from the purchase and sale of long-term assets, 0 O Noncash activities are investing and financing activities that do not affect cash flows. Exam Ill - Chapters 8 - 130 The direct method separately lists operating cash receipts, such as cash received from customers. 19 True or False True True False False Exam III - Chapters 8 - 130 Market prospects are the ability to generate positive market expectations. 20 True or False True False