Provide calculations or explanation (If its possible)

QUESTION 25 On the statement of cash flows, cash receipts from the sale of merchandise is a (an): O non-cash investing and financing activity O investing activity O operating activity O financing activity QUESTION 26 Entity A has the following Income Statement in millions): Entity A Income Statement For the Year Ended December 31, 2022 $240 100 Net Sales Cost of Goods Sold Gross Profit Operating Expenses 80 $ 60 Net Income Using vertical analysis, what percentage is assigned to gross profit? O 58.3% 41.7% O 25% 100% QUESTION 27 Entity L reported net income of $150.000 for the current year and uses the indirect method to report operating activities cash flow. Taxes Payable increased by $15.000 during the year. Choose the appropriate category on the statement of cash flows to report the increase in Taxes Payable. O Cash Flows From Operating Activities-Add to Net Income O Cash Flows From Operating Activities-Deduct from Net Income O Cash Flows From Investing Activities O Cash Flows From Financing Activities Non-cash QUESTION 28 The best measure of a company's ability to generate sufficient cash to continue as a going concern is cash flow from: O non-cash investing and financing activities O operating activities O financing activities O investing activities