Question
This test: 50 pts possi Freedom Enterprises uses the direct method in preparing its cash flow statement. Freedom sold machinery with a book value of
This test: 50 pts possi Freedom Enterprises uses the direct method in preparing its cash flow statement. Freedom sold machinery with a book value of $36,700 at a loss of $7 200 The amount to be reported the cash flow statement under "Cash received from sale of property, plant, and equipment is OA. $7,200 OB. $36,700 OC. $43,900 OD. $29,500 All the following ratios are measures of a company's ability to sell inventory and collect receivables except A. accounts receivable turnover B. days' sales in receivables C. rate of return on net sales D. inventory turnover An "efficient capital market" is one where OA. the stock market is inefficient B. companies can easily and efficiently raise capital when needed OC. regulatory bodies are doing a good job of controlling the sale of publicly available share securities OD. stock market prices fully reflect all information available to the public Which of the following ratios is considered a measure of a company's ability to pay interest on long-term debt? OA. price/earnings ratio OB. acid-test ratio OC. earnings per common share OD. times-interest-earned ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started