The following information is available for Seas, Inc.:

12/31/20A3	12/31/20A2
Cost of Goods Sold	$ 900,000	$ 700,000
Net Sales	1,500,000	1,000,000
Accounts Receivable	180,000	200,000
Allowance for Doubtful Accounts	30,000	40,000

What was the accounts receivable turnover ratio for 20A3?

	7.89
	8.33
	9.68
	5.81

Candy Co. owns the following assets at 6/30/20A5: Certificate of deposit, 180-day term $100,000 U.S. Treasury Bill, maturity date of 7/31/20A1, purchased on 1/31/20A1 80,000 Checking account balance 17,000 Money market account with unlimited checking privileges 50,000 How much should Candy report as Cash and Cash Equivalents on its 6/30/20A5 balance sheet? $ 147,000. $ 97,000. $ 67,000. $ 17,000. Dana Co. had a net income of $90,000 during the year. The following information is available for the year: Cash $50,000 increase Accounts Receivable 6,000 decrease Accounts Payable 2,000 decrease Depreciation Expense 7,000 Dividends Paid 11,000 Prepaid Insurance 3,500 increase Unearned Revenue 2,200 increase What was the amount of cash provided by operating activities? $ 49,700. $ 85,700. $ 94,300. $ 99,700. Kennedy Co. uses the DIRECT method to present cash flows from operating activities. On January 1, 20A1, Kennedy Co. owed a $500,000 note payable to Big Bank. Kennedy paid Big Bank a total of $130,000 in 20A1, which was $100,000 of principle and $30,000 of interest. How should the $130,000 payment be presented on Kennedy 's Statement of Cash Flows for 20A1? $130,000 as a financing activity. $100,000 as a financing activity and $30,000 as an operating activity. $130,000 as an operating activity. $30,000 as an operating activity and the $100,000 retirement of debt will be presented in a supplemental schedule. Rose Co. uses the DIRECT method to determine cash flows for operating activities. The following information is available from the 20A1 and 20A2 balance sheets and income statements: Cost of Goods Sold $ 750,000 for the year 20A2 $ 700,000 for the year 20A1 Inventory $ 65,000 at 12/31/20A2 $ 69,000 at 12/31/20A1 Accounts Payable-Suppliers $ 50,000 at 12/31/20A2 $ 57,000 at 12/31/20A1 What amount of disbursement to suppliers for goods should Rose present in its Statement of Cash Flows for the year ended 12/31/20A2? $ 739,000. $ 747,000. $ 753,000. $ 761,000. Deer Co. uses the DIRECT method to determine cash flows for operating activities. The following information is available from the 20A1 and 20A2 balance sheets and income statements: Depreciation Expense $ 40,000 for the year 20A2 Loss on Sale of Equipment $ 3,000 for the year 20A2 Equipment $ 100,000 at 12/31/20A2 $ 200,000 at 12/31/20A1 Accumulated Depreciation - Equipment $ 70,000 at 12/31/20A2 $ 150,000 at 12/31/20A1 Also, Deer sold equipment that had cost $180,000 and had accumulated depreciation of 120,000 for cash. All sales and purchases of equipment were for cash. How should Deer present the equipment transactions in its Statement of Cash Flows for the year ended 12/31/20A2? Sale of Equipment $ 177,000 inflow and Purchase of Equipment $30,000 outflow. Sale of Equipment $ 97,000 inflow and no purchase of equipment. Sale of Equipment $ 63,000 inflow and Purchase of Equipment $20,000 outflow. Sale of Equipment $57,000 inflow and Purchase of Equipment $80,000 outflow. The following 2011 information is available for Gruun, Inc.: Purchases of inventory $3,700,000 Cost of goods sold 3,800,000 Ending inventory 700,000 Net sales 6,000,000 What was the inventory turnover for 2011? 5.07 5.43 5.85 7.06 The following information is available for Seas, Inc.: 12/31/20A3 12/31/20A2 Cost of Goods Sold $ 900,000 $ 700,000 Net Sales 1,500,000 1,000,000 Accounts Receivable 180,000 200,000 Allowance for Doubtful Accounts 30,000 40,000 What was the accounts receivable turnover ratio for 20A3? 7.89 8.33 9.68 5.81