On December 31, Sulfur Corporation has the following data available:

Net Income	$130,000
Interest expense	30,000
Preferred dividends	20,000
Total assets at the beginning of the year	770,000
Total assets at the end of the year	820,000
Total common stockholders' equity at the beginning of the year	500,000
Total common stockholders' equity at the end of the year	250,000

What is the leverage ratio? (Round your final answer to two decimal places.)

Question 9 options:

A)

6.31

B)

1.92

C)

3.28

D)

2.12

Equipment is acquired by issuing a note payable for $58,000 and a making a down payment of $26,000. The statement of cash flows will report a:

Question 13 options:

A)	$84,000 outflow in the investing activities section.

B)	$26,000 outflow in the investing activities section.

C)	$26,000 outflow in the operating activities section.

D)	$58,000 inflow in the financing activities section.