Question 13 Not yet answered Marked out of 1.00 P Flag question The 2019 financial statements for Farmingdale Company show the following: Cost of goods sold $363,000 Inventory, Beginning Balance $75,000 Inventory, Ending Balance $78,000 Accounts Payable, Beginning Balance $105,000 Accounts Payable, Ending Balance $99,000 Cash paid for merchandise is: Select one: A. $360,000 O B. $354,000 O C. $372,000 O D. $366,000 Question 15 Not yet answered Marked out of 1,00 P Flag question The Asset Turnover (Asset Utilization) ratio is equal to: Select one: A. Investment/Sales B. Sales x Return on Sales C. ROIX ROA D. Sales / Investment E. None of the above Question 18 Not yet answered Marked out of 1.00 P Flag question The Average Rate of Return is equal to: Select one: A. Net Present Value / Initial Investment B. Average Annual Net Income from Investment/ Average Investment C. Average Present Value of future cash flows / Initial Investment O D. Average Annual Net Income from Investment/ Initial Investment O E. None of the above