question 8

Questl Allen Company's average collection period for accounts receivable was 25 days in year 1, but increased t most likely be the cause of this change: a decrease in accounts receivable relative to sales in year 2. an increase in credit sales in year 2 as compared to year 1. a relaxation of credit policies in year 2. a decrease in accounts receivable in year 2 as compared to year 1. QUESTION 7 QUESTION 8 Which of the following would be considered a "use" of cash for purposes of constructing a statement of cash flows? a decrease in accounts receivable. an increase in accounts payable. an increase in common stock. a decrease in bonds payable. QUESTION 9 Consolo Corporation's net income for the most recent year was $809,000. A total of 100,000 shares of common stock stock were The earnings per share of common stock is closest to: outstanding throughout the year. Dividends on common stock were $2.05 per share and dividends on pr $2,44 $8.09 $4.49 $6.04