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59 O T Name Student ID Use the following data on Cash Company to answer Questions 1 to 3. Cash Company Income Statement Year Ending Dec. 31, Year 2 Cash Company Balance Sheet as of Dec. 31 Year 1 Year 2 Sales Cost of goods sold Depreciation expense SG&A expense Interest expense Taxable income Taxes Net income $18,500 12,000 1,000 1,000 1,200 3,300 1,440 $1,860 Assets Cash Accounts receivable Inventory Total current assets Fixed assets at cost Accumulated depreciation Net fixed assets Total assets $2,000 $2,000 3,000 2,500 4,000 4,500 9,000 9,000 22,000 24,300 9,000 10,500 13,000 13,800 $22,000 $23,700 Other Data for Year 2 Dividends paid Sale of fixed assets Liabilities and equity Accruals Accounts payable Total current liabilities Notes payable Long-term debt Common stock Retained earnings Total liabilities+equity $864 $2,200 $1,760 1,400 2,640 3,600 4,400 11,000 11,800 4,000 3,204 2,000 2,300 1,000 1,996 $22,000 $23,700 0 1. Cash Company's financing cash flow for Year 2 was closest to: a. -$864 b. -$560 c. $4 2. Cash's cash flow from operations (CFO) for Year 2 was closest to: a. $3060 b. $3660 c. $4240 3. Cash Company's quick ratio at the end of Year 2 was closest to: A. 2.04. Vlhinkful B. 0.83 C. 1.02