Q1:

A measure of the percentage of each dollar of sales that results in net income is

a.

assets turnover

b.

return on stockholders' equity.

c.

return on assets.

d.

profit margin.

Q2:

if the beginning cash balance is $ 5,000, the net cash inflow from operating activities is $ 20,000, net cash outflow from investing activities is $ (15,000) and net inflows from financing activities is $ 25,000. the net change in cash during the year is

a.

$ 60,000

b.

$ 35,000

c.

$ 65,000

d.

$ 30,000