Oishii Nioi Co. reported the following income statement for the year ended on Dec. 31, 2020 and the balance sheets for 2020 and 2019.

Income Statement Year 2020 Balance Sheet Dec 31, 2020 Dec 31, 2019

Net Sales Revenue $500,000 Cash ? ?

Cost of Goods Sold ($250,000) Accounts Receivable $25,000 $33,000

Gross Profit $250,000 Merchandise Inventory $18,000 $15,000

Salaries Expense ($100,000) Land $130,000 $80,000

Depreciation Expense ($5,000) Equipment $40,000 $102,000

Operating Income $145,000 Accumulated Depreciation ($6,000) ($55,000)

Interest Expense ($500) Accounts Payable $9,200 $7,000

Gain from Disposal $3,000 Notes Payable (Long-term) $45,000 $10,000

Income Tax Expense ($41,000) Common Stock ?

?

Net Income $106,500 Retained Earnings $180,000

$125,000

Additional information:

• Oishii Nioi purchased land for $50,000. Of this amount, $15,000 was paid in cash and $35,000 was paid by issuing a three-year note payable.
• Oishii Nioi sold equipment and received cash. The equipment had a cost of $62,000 and accumulated depreciation of $54,000 before disposal. The gain from the disposal is $3,000.
• During 2020, there were no cash payments to retire notes payable.
• During 2020, Oishii Nioi issued common stock for $27,000 cash. Oishii Nioi has not issued any preferred stock.
• All dividends were paid in cash during 2020.
• All of Oishii Nioi's sales was credit sales in 2020.

Find Oishii Nioi's cash from operating activities in 2020.

Find Oishii Nioi's cash flow from investing activities in 2020.

Find Bom Cheiro's cash flow from financing activities in 2020.

Which of the following is NOT correct?

- Oishii Nioi's times-interest-earned ratio is 296.

- Oishii Nioi's profit margin ratio is 0.21.

- Oishii Nioi's inventory turnover ratio is 8.62.

- Oishii Nioi's accounts receivable turnover ratio is 17.24