Moore Company's net income last year was $56,000 and cash dividends declared and paid to the company stockholders was $31,000. Changes in selected balance sheet accounts for the year appear below:

	Increases
	(Decreases)
Debit balances:
Accounts receivable	$ (8,000)
Inventory	(6,000)
Prepaid expenses	12,000
Credit balances:
Accumulated Depreciation	23,000
Accounts payable	(10,000)
Accrued liabilities	7,000
Taxes payable	5,000
Bonds payable	40,000

Based solely on this information, the net cash flows from operating activities under the indirect method on the statement of cash flows would be

		$79,000.
		$102,000.
		$29,000.
		$83,000.

The two major techniques for financial analysis are

Answer

horizontal analysis and circular analysis.

receivable analysis and profitability analysis.

vertical analysis and budget analysis.

common-size analysis and ratio analysis.

Siri Company has $20,000 in cash, $8,000 in marketable securities, $36,000 in current receivables, $18,000 in inventories, and $68,000 in current liabilities. The company's quick ratio is closest to

Answer

.94.

.41.

1.88.

1.21.

Goslier Company's net income last year was $130,000. The company paid preferred dividends of $42,000 and its average common stockholders' equity was $610,000. The company's return on common stockholders' equity for the year was closest to

Answer

		15.8%.
		28.1%.
		21.3%.
		14.4%.