A company's income statement showed the followingnet income, $126,000; depreciation expense. $36,000, and gain on sale of plant assets. 510,000 An examination of the company's current assets and current liabilities showed the following changes accounts receivable decreased 510,600 merchandise inventory Increased $24,000, prepaid expenses increased $7,400; accounts payable increased $4,600 Calculate the net can provided or used by operating activities Multiple Choice $176,600 $155,400 $150,600 O $143.600 $135,800 A corporation reports the following year-end balance sheet data. The company's equity ratio equals: 17 Cash Accounts receivable Inventory Equipment Total assets $ 51,000 Current liabilities 66,000 Long-term liabilities 71,000 Common stock 156,000 Retained earnings $344,000 Total liabilities and equity $ 86,000 43,000 111,000 104,000 $344,000 Multiple Choice O 0.63 O 1.36 0.60