Which of the following is not included in the computation of the quick ratio? a. Cash. b. Short-term investments in marketable securities. c. Accounts receivable. d. Inventory Investing activities include: a. Obtaining capital from owners. b. Obtaining cash from creditors. c. Collecting cash on loans made 12. d. Repaying money previously borrowed An acceleration in the collection of receivables will tend to cause the accounts receivable turnover to: a. Decrease. b. Remain the same. c. Increase. d. Either increase or decrease. 1 4.A company that is highly leveraged is one that: a. Has a high current ratio. b. Contains high equity financing. c. Contains high debt financing. d. Has high earnings per share. 15. The price-earnings ratio is computed as: a. Net income divided by earnings per share. b. Earnings per share divided by the market price per share of common stock c. Net income divided by the market price per share. d. Market price per share of common stock divided by earnings per share. PROBLEM T he net income reported on an income statement for the current year was S Depreciation recorded on fixed assets for the vear was $60,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. 250,000 Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable Cash dividends payable Salaries payable Ending $56,000 71,000 140,000 7,800 62,600 4,000 9,000 $59,500 73,400 126,500 8,400 66,400 7,000 8,250 flows from operating activities section of a statement of cash flows using the indirect method. If the direct method had been required for this problem, would the net cash flows from operating activities have been the same? Explain