Q. What is the net purchase or sale of fixed assets for the period given the following information?

Beginning Net Fixed Assets$14,300,000

Ending Net Fixed Assets$12,850,000

Ending Accumulated Depreciation$5,650,000

Annual Depreciation Expense$1,150,000

Q.A firm has the following account balances and a .83 quick ratio. What is the firm's Accounts Receivable balance?

Cash$3,600,000

Inventory$4,200,000

Fixed Assets$32,000,000

Current Portion of Long Term Bonds$4,400,000

Accounts Payable$6,600,000

Long Term Bonds$30,000,000