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PLEASE ANSWER ASAP The questions in this section are worth 1 mark each. MyBiz Inc. has been your business for the past several years. You
PLEASE ANSWER ASAP
The questions in this section are worth 1 mark each. MyBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow. Year ending December 31 2021 2020 2019 Cash flow from operations -56,000 -30,000 40,000 Cash flow from investing 20,000 15,000 -5,000 Cash flow from financing -10,000 20,000 25,000 Net change in cash -46,000 5,000 60,000 Cash, beginning of year 197,000 192,000 132,000 Cash, end of year 151,000 197,000 192,000 Profit for the year (55,000) (25,000) 35,000 The next five questions relate to the cash flow statements below. The rest of the questions in this section of the exam are independent. Which type of financial ratio can be calculated from both income statement and balance sheet figures? a) profitability b) liquidity c) efficiency d) profitability and efficiency e) solvency Which type of financial ratio tells you how well a company can cover its long- term liabilities? a) liquidity b) profitability Oc c) efficiency d) profitability and efficiency e) solvency Which type of financial ratio tells you how well a company can cover its current liabilities? a) profitability b) efficiency c) profitability and efficiency d) solvency e) liquidity Which of the following is a liquidity ratio? a) current ratio b) debt-to-total-assets ratio c) gross profit ratio d) days' sales in accounts receivable e) debt-to-equity ratio Step by Step Solution
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