Based on the following data, what is the acid-test ratio (quick ratio)? a, 2.83 to 1 b. 3.39 to 1 c. 3.27 to 1 d. 2.12 to 1 Which one of the following is not a tool in financial statement analysis? a. Ratio analysis b. Circular analysis c. Horizontal analysis d. Vertical analysis e. Trend analysis An increase in the collection of receivables will cause the accounts receivable turnover to: a. decrease b. remain the same c. either increase or decrease d. increase If a firm sells for $8,000 equipment that cost $25,000 and has $20,000 of accumulated depreciation, is this reported in the statement of cash flows using the indirect method? a. $8,000 financing activity, $3,000 gain as an addition from net income under operating activities b. $8,000 investing activity c. $8,000 investing activity, and $3,000 gain as a subtraction from net income under operating activities d. $8,000 financing activity, and $3,000 loss as an addition to net income under operating activities