Question 42 (2 points)

A company pays employee salaries in cash. Which section of the Statement of Cash Flows would this transaction be presented?

Question 42 options:

	Investing
	Financing
	Operating
	N/A (cash is not involved)

Question 43 (2 points)

Lowes is a home improvement retailer. During 2017 Lowes had net credit sales (in millions) of $24,000. The beginning and ending balances of net accounts receivables (in millions) for 2017 were $3,600 and $3,800, respectively. What is Lowes accounts receivable turnover ratio for 2017 (rounded to the nearest tenth)?

Question 43 options:

	6.7 times
	0.2 times
	6.5 times
	7.5 times