please answer 232, 233, 236, 238

232) Which of the following is a positive sign that a company is selling its inventory quicklyh A) Both a high inventory turnover ratio and a low average days in inventory. E B) A low inventory turnover ratio. C) A low average days in inventory D) A high inventory turnover ratio. 233) For a journal entry with only two lines, the following entry is valid: Decrease in Owners' Equity, Increase in Expense A) True B) False 234) ABC issues 1,000 shares of 6%, $100 par value preferred stock at the beginning of2017. All remaining shares are common stock. The company was not able to pay dividends in 2017, but plans to pay dividends of $18,000 in 2018. Assuming the preferred stock is noncumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2018? A) $9,000 to preferred stockholders and $9,000 to common stockholders. $6,000 to preferred stockholders and S12,000 to common stockholders. )$12,000 to preferred stockholders and $6,000 to common stockholders. D) $18,000 to preferred stockholders and $0 to common stockholders. 235) ABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. ABC also has the following liabilitiesai xaccounts payable, $98 million, current portion of long-term debt, $35 million; and long-tern debt $23 million. Based on these amounts, what is the current ratio? D) 2.54 com on 2.98. B) 2.84. A) 4.04 236) Which of the following are made AFTER the financial statements are A) Transaction Entries C) Closing Entries B) Adjusting Entries 237) Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two companies report the same dollar amount for ending inventory and gross profit for the year. Which of the following is most likely trues: inventory A) Truman has a higher inventory turnover ratio and higher gross profit ratioss B) Truman has a higher inventory turnover ratio, and Stapleton has a lower gross profit fatio. ruman has a higher inventory turnover ratio, and Stapleton has a higher gross profit ratio. D) Stapleton has a higher inventory turnover ratio and higher gross profit ratio" 4 co E tries 238) For a journal entry with only two lines, the following entry is valid: Decrease in Owners' Equity, Increase in Dividends A) True B) False for enling 2 30