18. A negative cash flow from financing activities: a) Shows that the firm is growing b) is very bad since it shows the firm does not have new profitable investments c) Is a sign that the firm is rewarding its shareholders or paying off debts d) Indicates that the firm's operation is facing difficulties 19. Capital surplus refers to: a) The difference between the value of issued stocks and their par value. b) Par value of common stocks c) The value of stocks repurchased d) The total equity 20. If a firm has reported a lower days in inventory, it is a sign that: a) The firm needs more investment in inventory b) The firm is poorly managing its inventory c) Less money is locked up in inventory d) All of the above