10 QUESTIONS

1. Zebra, Inc. has Cost of goods sold for the year of $1,900,000. The average inventory for the year is $129,000. The inventory turnover for the year is:

2.Harrison Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014:

 
Retained earnings, beginning balance: $125,000
Retained earnings, ending balance: $117,000
Company reported net loss of $8,000 for the year.

3. The financing activities section of the statement of cash flows includes paying dividends and paying off loans. (Points : 1)

4. Which of the following accurately describes working capital? (Points : 1)

5. Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2014.

 
Net cash flows from operating activities: $32,000 positive
Net cash flows from investing activities: $38,000 negative
Net cash flows from financing activities: $ 9,000 positive

 
If the beginning cash balance is $18,000, what would the ending cash balance be? (Points : 1)