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Question 13 5 pts Which of the following statements is TRUE regarding the general rule about the classification of cash flows and their relationship to
Question 13 5 pts Which of the following statements is TRUE regarding the general rule about the classification of cash flows and their relationship to balance sheet accounts? Changes in long term assets cause changes in operating cash flows Changes in current assets and current liabilities cause changes in operating cash flows Changes in long term debt cause changes in investing cash flows Changes in long term assets cause changes in financing cash flows Question 14 5 pts Which of the following ratios measure how efficiently you are selling your inventory and would you prefer to have a higher or lower number for that ratio? Average collection period; higher Average sale period; higher Average sale period; lower Average collection period; lower
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