QUESTION 23 Sudbury Company's accounting records include the following information: Payment to suppliers: $50,000 Collections on Accounts Receivable: $90,000 Cash Sales: $20,000 Income taxes paid $ 5,000 Equipment purchased: $15,000 What is the amount of net cash provided by operating activities indicated by these transactions? O a $60,000 OD $45,000 O $40,000 O d. $55.000 QUESTION 24 Which of the following statements best describes the cash conversion cycle? O a. A shorter cash conversion cycle indicates ineffective management of working capital Ob. Average number of days between paying cash for inventory and receiving cash from customers . effective working capital management increases the cash conversion cycle Od Average number of days between purchasing Inventory and receiving cash from customers QUESTION 25 Which of the following is not a use of financial statement ratio analysis? O a job seekers looking to understand financial stability of a potential employer O b. Investors interested in potentially investing in the firm O Potential creditors, Banks, private lenders, and bond holders looking to assess credit worthiness of a company d. An audit firm looking to assess credit worthiness of a company d