1. The following information is related to Towson Company's fiscal year 2018.

Income Statement:

Net Income$3,500,000

Depreciation Expense600,000

Loss onSaleof Plant Assets35,000

Interest Expense5,000

Balance Sheet - 12/31/17: Increase (Decrease)

Accounts Payabledecrease30,000

Plant Assets - Purchased250,000

Plant Assets - Disposals(100,000)

Additional Information:

Common Stock exchanged for outstanding Long Term Notes Payable of $125,000

Dividends paid were $30,000

Use this information to determine Towson Company's Net Cash Flows from Operating Activities. If the amount is an outflow then enclose the amount with dollar sign inside of brackets ( ).

2 The following financial information isfor Chesapeake Corporationarefor the fiscal years ending 2018 & 2017 (all balances are normal):

Item/Account 2018 2017

Cash 39,000 $24,000

Accounts Receivable. 58,000 52,000

Inventory 56,000 48,000

Current Liabilities 62,000 42,000

Net Sales (all credit) 550,000 485,000

Cost of Goods Sold 288,000 265,000

Use this information to determine the number of current ratio as of December 31, 2018: (Round & enter your answers to one decimal place and enter the value.)

3 The following financial information isfor Chesapeake Corporationarefor the fiscal years ending 2018 & 2017 (all balances are normal):

Item/Account 2018 2017

Cash $35,000 $24,000

Accounts Receivable 56,000 52,000

Inventory 44,000 48,000

Current Liabilities 76,000 42,000

Net Sales (all credit). 550,000 485,000

Cost of Goods Sold 350,000 265,000

Use this information to determine the number of days in inventory for 2018: (Use a 365 day year.Round & enter your answers to one decimal place and enter the value.)