Which of the following is a measure of liquidity?

a.operating cash flows ratio

b.earnings per share

c.accounts receivable turnover ratio

d.return on common equity

Which of the following is a measure of liquidity?

a.operating cash flows ratio

b.earnings per share

c.accounts receivable turnover ratio

d.return on common equity

Which of the following ratios is least useful in evaluating a company's ability to pay its current obligations when they come due?

a.quick ratio

b.return on assets ratio

c.current ratio

d.cash ratio

The auditor's opinions regarding effectiveness of a public company's internal controls and appropriateness of its financial statements are found within the Form 10-K on

a.Item 7.

b.Item 8.

c.Item 9.

d.Item 1.

Each of the following is included in the MD&A section of a public company's Form 10-K except

a.statements about what management expects to occur in the future.

b.names and experience of the company's managers, directors, and officers.

c.material trends, events, or known uncertainties.

d.management's views of the financial condition and performance of the company.

Rainsoft Company Selected data from the financial statements are provided below: 2021 Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets $ 44,000 84,000 44,000 46,000 $218,000 2020 $ 28,000 32,000 166,000 36,000 $262,000 2019 $ 14,000 114,400 100,000 41,600 $270,000 Total Current Liabilities $130,000 $144,000 Net Credit Sales 442,000 652,000 Cost of Goods Sold 336,000 598,000 Net Cash Flows from Operating Activities 32,000 58,000 Refer to Rainsoft Company. Assume that competitors in the industry have an average accounts receivable turnover ratio of 7.8 times in 2021. What is the company's accounts receivable turnover ratio for 2021? a. 5.26 Ob. 8.91 c. 7.80 d. 7.62 Rainsoft Company Selected data from the financial statements are provided below: Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets 2021 $ 44,000 84,000 44,000 46,000 $218,000 2020 $ 28,000 32,000 166,000 36,000 $262,000 2019 $ 14,000 114,400 100,000 41,600 $270,000 Total Current Liabilities Net Credit Sales Cost of Goods Sold Net Cash Flows from Operating Activities $130,000 442,000 336,000 32,000 $144,000 652,000 598,000 58,000 Refer to Rainsoft Company. What is the operating cash flow ratio for 2021? Oa. 0.072 Ob. 0.246 c. 0.147 Od. 4.0625 Rainsoft Company Selected data from the financial statements are provided below: Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets 2021 $ 44,000 84,000 44,000 46,000 $218,000 2020 $ 28,000 32,000 166,000 36,000 $262,000 2019 $ 14,000 114,400 100,000 41,600 $270,000 Total Current Liabilities Net Credit Sales Cost of Goods Sold Net Cash Flows from Operating Activities $130,000 442,000 336,000 32,000 $144,000 652,000 598,000 58,000 Refer to Rainsoft Company. Assume that competitors in the industry have an average inventory turnover ratio of 20.8 times in 2021. Rainsoft's inventory turnover ratio for 2021 indicates that the company O a. has too little inventory on hand at the end of 2021. Ob.is selling its inventory much more quickly than the industry average. c. is pricing its products too low. Od. may have obsolete inventory or problems with sales