Based on the following data for current year, what is the number of days sales in accounts receivable (rounded to the nearest whole day)? a. 25 days b. 20 days c. 28 days d. 22 days A company had net income of $230,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was a loss on the sale of equipment of $3,000. How much is net cash flows from operating activities? a. $288,000 b. $202,000 c. $276,000 d. $196,000 Cash received from the issuance of common stock would be reported in the following section of the statement of cash flows: a. operating activities b. investing activities c. financing activities d. noncash investing and financing accounts Short Corporation is experiencing a severe cash shortage due to inability to collect activities receivable. The decision tool most likely to help identify the appropriate corrective action is the a. Times-interest-earned ratio b. Days' sales uncollected c. Current ratio d. Inventory turnover e. Acid-test ratio (quick ratio) Cash payments made to acquire equipment would be reported in the following section of the statement cash flows: a. operating activities b. investing activities c. noncash operating and financing activities d. financing activities