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can I get help with this question please 22) Avatar Company is preparing its statement of cash flows using the following portion of the comparative
can I get help with this question please
22) Avatar Company is preparing its statement of cash flows using the following portion of the comparative balance sheet: indirect method. Refer to the Avatar Company Comparative Balance Sheet December 31,2014 and 2013 2014 2013 Increase decrease Accounts Payable Accrued Liabilities Long-Term Notes Payable Total liabilities $4,000 S6,000 2,000 1,000 56,000 64,000 $62,000 $71,000 $(2,000) (8,000) $(9,000) Additional information provided by the company includes the following 1) During 2014, the company repaid $35,000 of Long-Term Notes Payable. 2) During 2014, the company borrowed $27,000 on a new Note Payable Based on the above information only, what amount of net cash flow would be shown in the financing section of the statement of cash flows? A) $8,000 B) $62,000 C) $(62,000) D) $(8,000) 23) e-Bay Inc. provides the following data: 2015 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets 529,000 31,000 53,000 $113,000 120,000 525,000 62,000 50,000 137,000 120,000 257,000 $200027,000 Net sales Cost of Goods Sol Gross 150,000) $350,000 Calculate the asset turnover for the year 2015, D) 1.55 times B) 2.04 times C) 7.27 times A) 1.22 times 24) The income statement is also known as the: A) statement of stockholders' equity. C) statement of cash flows. B) statement of financial position. D) statement of operations 25) "Analysts look for red flags in financial statements that may signal financial trouble." Which of the following is a "red flag" suggesting that a company may be in trouble? A) a reduction in the debt ratio B) net cash flow from operating activities is consistently lower than net income C) a decrease in dividend payout ratio from year to year D) a decline in days' sales in inventory
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