During the year, the accounts payable of a company rose from $115,200 to $134,300. This change represents a:

Multiple Choice

• source of $19,100 of cash as a financing activity.

• use of $19,100 of cash as investment activity.

• use of $19,100 of cash as an operating activity.

• source of $$19,100 of cash as an investment activity.

• source of $19,100 of cash as an operating activity.

The cash coverage ratio directly measures the ability of a company to meet its obligation to pay:

Multiple Choice

• a dividend to a shareholder.

• wages to an employee.

• principal to a lender.

• interest to a lender.

• an invoice to a supplier.

Williams & Gillespie has net fixed assets of $36,200, total assets of $51,300, long-term debt of $22,000, and total debt of $29,700. What is the net working capital to total assets ratio?

Multiple Choice

• 17.79%

• 12.18%

• 16.82%

• 9.90%

• 14.42%