quiz 12 - Quiz 12 1.

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Quiz 12 1. The order of presentation of activities on the statement of cash flows is A. operating, investing, and financing. 2. Cash receipts from interest and dividends are classified as B. investing activities. 3. A company with $60,000 in current assets and $40,000 in current liabilities pays a  $1,000 current liability. As a result of this transaction, the current ratio and working  capital will B. both increase. 4. For Problem 13-3A for 2009, A. Profit margin = 15.1%; Asset turnover = .92 times; and, Earnings per share = $2.37. 5. For Problem 13-3A for 2009, D. Price-earnings ratio = 3.8 times; Payout ratio= 41%; and, Debt to total assets = 28% 6. Morris Company issued 10,000 shares of $1 par common stock for $25 per share  during 2007. The company paid dividends of $24,000 and issued long-term notes  payable of $220,000 during the year. What amount of cash flows from financing activities  will be reported on the statement of cash flows? D. $446,000 net cash inflow. 7. During 2007, Dole Company sold equipment with a book value of $90,000 for  proceeds of $104,000. The company purchased new equipment for $240,000 by signing  a long-term note payable. No other transactions impacted long-term asset accounts  during 2007. The investing section of the statement of cash flows will report C. net cash inflows of $104,000 8. For EXERCISE 12-4, the JEREZ COMPANY Partial Statement of Cash Flows  for the Year Ended December 31, 2010 shows A. Net cash provided by operating activities = $266,000.
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quiz 12 - Quiz 12 1.

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