1) Net cash from operations increaed, yet cash as reported on the balance shee decresed. Which of the following factors could explain this situation?
A) the comoany cut its dividend
B) the company iaaued new long term debt
C) The company made large investments in fixed assets
d) Non-of the above
2) INC. has a current ratio equal to 1.4 which of the following transaction will increase the company current ratio
a) the company collects 500,000$ in cash of its accounts receivable
b) the company pays back 50000 of its long term debt
c) the company writes a 30000 check to pay off some existing A/P
d) The company sells 1$ million of inventory on credit