QUESTION 13 The net income reported on the income statement for Xavier Company for the current year was 5285,000. Depreciation recorded for the year was 549,000. Changes in account balances of current assets and current liabilities for the year are as follows: Cash Accounts receivable inventories Prepaid expenses Accounts payable Increase Decrease) $(10,000) 4,000 12,000 (2.000) (14,000) What is the amount of cash flows from operating activities reported on the statement of cash flows prepared using the indirect method? a. $306,000. b. $334,000. c. $362,000. d. $208,000. QUESTION 14 During the current year, Zodiac Corporation issued common stock for $100.000 cash, and cash dividends of $54,000 were declared. Cash dividends payable were $10,000 and $12.000 at the beginning and end of the year, respectively. For the current year, the net cash flows from financing activities is: a. $46,000. b. $48,000. c. $36,000. d. $100,000. QUESTION 15 Below is selected information for the current year for Raleigh Company. Assume that all balance sheet amounts represent both average and ending balances. Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total current liabilities 540,000 30,000 25.000 215,000 65.000 What is Raleigh Company's current ratio? a. 0.68 b.1.46 c. 1.08 d.0.62