Show calculations:

1. How much is Abracadabras cash flow from operating activities?

2. How much is Abracadabras cash flow from investing activities?

3. How much is Abracadabras cash flow from financing activities?

4. Compute days sales in inventory of Abracadabra for 2019.

5. Compute times-interest-earned ratio of Abracadabra for 2019.

6. Compute profit margin ratio of Abracadabra for 2019.

Questions 1-6 Abracadabra Co. reported the following income statement for the year ended at Dec. 31, 2019 and the balance sheets for 2019 and 2018. Income Statement Year 2019 Balance Sheet Net Sales Revenue $ 1,000,000 Cash Cost of Goods Sold ($400,000) Accounts Receivable Gross Profit $ 600,000 Merchandise Inventory Salaries Expense ($150,000) Land Depreciation Expense ($50,000) Equipment Operating Income $ 400,000 Accumulated Depreciation Interest Expense ($5,000) Accounts Payable Gain from Disposal of Land $ 3,000 Notes Payable (Long-term Income Tax Expense ($25,000) Common Stock Net Income $ 373,000 Retained Earnings Dec, 31, Dec. 31, 2019 2018 ? $ 180,000 $ 210,000 $ 270,000 $ 230,000 $ 280,000 $ 350,000 $ 330,000 $ 130,000 ($70,000) ($50,000) $ 180,000 $ 150,000 $ 520,000 $ 400,000 2 $ 330,000 $200,000 Additional information : Abracadabra sold land and received $73,000 in cash. The land had a book value of $70,000 before disposal. Abracadabra purchased equipment at $200,000. Of this amount, $80,000 was paid in cash and $120,000 was paid by issuing a three-year note payable. During 2019, Abracadabra issued common stock at $80,000 cash. All dividends were paid in cash during 2019