Which of the following ratios would be the best measure of solvency?

Select one:

a. Return on assets ratio

b. Price earnings ratio

c. Current ratio

d. Times-interest-earned ratio

2.

Cash received from the issuance of capital stock is classified in which section of the statement of cash flows?

Select one:

a. Operating

b. Investing

c. Financing

d. Noncash

3.

Cash received from the sale of property is classified in which section of the statement of cash flows?

Select one:

a. Operating

b. Investing

c. Financing

d. Noncash

4.

Lineberger Corporation had the following information available from its 2011 balance sheet and income statement:

Interest expense	$68,000
Interest payable - beginning	4,500
Interest payable - ending	8,000

What amount would be reported as cash outflows for interest on the statement of cash flows for 2011 using the direct method?

Select one:

a. $71,500

b. $80,500

c. $64,500

d. $55,500