QUESTION 37 $ Net Income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment 10,000 2.500 3,250 6,500 1,600 5.000 The company would report net cash provided by (used in) investing activities of: $6500. $(1750). $(1650) $10,000. None of the above. QUESTION 38 The following information was obtained from Quayle Company's income statement: 5 Income before Interest and Income Tax Expense Interest Expense Income before Income Tax Expense Income Tax Expense Net Income 692,000 78,500 613,500 224,000 389.500 $ What is the times interest earned ratio? 8.82 7.82 1.78 4.96 None of the above