PLEASE PLEASE ANSWER AS SOON AS POSSIBLE.
1. Use the information below for Harding Company to answer thequestion that follow.
| Harding Company |
| Accounts payable | $27,565 |
| Accounts receivable | 71,510 |
| Accrued liabilities | 6,541 |
| Cash | 16,862 |
| Intangible assets | 42,141 |
| Inventory | 77,866 |
| Long-term investments | 103,355 |
| Long-term liabilities | 70,445 |
| Marketable securities | 33,752 |
| Notes payable (short-term) | 23,329 |
| Property, plant, and equipment | 622,170 |
| Prepaid expenses | 2,338 |
Based on the data for Harding Company, what is the amount ofworking capital?
a.$969,994
b.$202,328
c.$619,832
d.$144,893
4. The net income reported on the income statement for thecurrent year was $299,087. Depreciation recorded on fixed assetsand amortization of patents for the year were $40,017 and $8,817,respectively. Balances of current asset and current liabilityaccounts at the end and at the beginning of the year are asfollows:
| End | Beginning |
| Cash | $44,572 | $61,677 |
| Accounts Receivable | 126,254 | 108,076 |
| Inventories | 108,065 | 87,301 |
| Prepaid Expenses | 2,527 | 8,758 |
| Accounts Payable (merchandise creditors) | 50,189 | 68,635 |
What is the amount of cash flows from operating activitiesreported on the statement of cash flows prepared by the indirectmethod?
a.$284,286
b.$308,979
c.$296,764
d.$370,012
5. The current period statement of cash flows includes thefollowing:
| Cash balance at the beginning of the period | $405,879 |
| Net cash flow from operating activities | 182,533 |
| Net cash flow used for investing activities | 52,196 |
| Net cash flow used for financing activities | 87,070 |
The cash balance at the end of the period is
a.$449,146
b.$266,613
c.$727,678
d.$501,342
6. Based on the following data, what is the accounts receivableturnover?
| Sales on account during year | $481,499 |
| Cost of goods sold during year | 213,323 |
| Accounts receivable, beginning of year | 43,966 |
| Accounts receivable, end of year | 51,797 |
| Inventory, beginning of year | 99,266 |
| Inventory, end of year | 119,283 |
a.2.3
b.11
c.10.1
d. 4
8. A company with working capital of $375,551 and a currentratio of 3.2 pays a $82,906 short-term liability. The amount ofworking capital immediately after payment is
a.$551,149
b.$463,350
c.$375,551
d.$87,799
11. Assume the following sales data for a company:
| Current year | $758,619 |
| Preceding year | 520,482 |
What is the percentage increase in sales from the preceding yearto the current year (rounded to one decimal place)?
a.31.4%
b.14.4%
c.77.1%
d.45.8%
12. Cash dividends of $72,881 were declared during the year.Cash dividends payable were $10,358 at the beginning of the yearand $15,733 at the end of the year. The amount of cash for thepayment of dividends during the year is
a.$67,506
b.$72,881
c.$83,239
d.$98,972
15. Accounts receivable from sales transactions were $49,594 atthe beginning of the year and $67,778 at the end of the year. Netincome reported on the income statement for the year was $143,428.Exclusive of the effect of other adjustments, the cash flows fromoperating activities to be reported on the statement of cash flowsprepared by the indirect method would be
a.$143,428
b.$18,184
c.$125,244
d.$161,612
