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Question 1 2 points Saved JOURNAL ENTRIES: A, B and C are partners with capital balances of $30000 (forty thousand dollars) each. The three partners share income and losses in the ratio of 1:1:1. A withdraws from the partnership. What is the entry if A is paid $50,000 in partnership cash for his equity? a. Dr. Cash 50,000; Cr. A, Capital 50,000 b. Dr. A, Capital 50,000; Cr. Cash 50,000 c. Dr. A, Capital 30,000, Dr. B, Capital 5,000, Dr. C, Capital 5,000; Cr Cash 40000 d. Dr Cash 50000; Cr. A, Capital 30,000, Cr. B, Capital 10,000, Cr. C, Capital 10,000 e. None of the above Question 2 FINANCIAL RATIOS: Which financial ratio is defined as: cash Including Cash Equivalents +Short-term Investments+Net Current Receivables divided by Total Current Liabilities? a. Days sales in inventory b. Acid test ratio c. Profit Margin Ratio d. Accounts receivable turnover ratio e. None of the above