46. Excerpts from Th cerpts from Thomas Co.'s December 31, 2018 and 2017, finncial statements are are presented 2018 2017 Accounts receivable inventory Net sales Cost of goods sold Total assets Total stockholders' equity Net income $80,000$72,000 84,000 70, 372, 254,000 810 500,000 5,000 Thomas Co.'s 2018 return on equity is (rounded to one decimal place): A. 16.7%. B. 15.0%. C. 15.8%. D. 21.4%. 47. The purchase of land is classified in the statement of cash flows as aln): A. Operating activity. B. Investing activity C. Financing activity D. Noncash activity. All classifications on the Balance Sheet have a general relationship with sections identified on the Statement of Cash Flows. Indicate which relationships are correctly identified in the table below 48. Classification on the Balance Sheet Section on Statement of Cash Flows Financing Operating Financing Bonds Payable Equipment Common Stock Accounts Payable Accounts Receivable I1 IV Operating A. IV, v D. All of these are correct 13