The payment of cash for equipment is an example of an) A. investing activity B. financing activity O c. operating activity D. non-cash investing and financing activity The statement of cash flows explains A. the change in stockholders' equity from one period to another B. the change in net income from one period to another C. the change in retained earnings from one period to another D. why the net income on the income statement does not equal the change in the cash balance Which of the following measures the number of times the company collects the average accounts receivable balance in a year? A. days' sales in receivables B. current ratio O c. account receivable turnover ratio O D. acid - test ratio The payment of cash for a utility bill is an example of a(n) O A. operating activity B. financing activity C. investing activity D. non-cash investing and financing activity