Question: need help with 5 and 6 Question 5 (1 point) Last year Traction, Inc. had negative net cash flow, yet its cash on the balance

Question 5 (1 point) Last year Traction, Inc. had negative net cash flow, yet its cash on the balance sheet Increased. What could explain these events? Traction borrowed by issuing long-term debt Traction repurchased some of its common stock Traction sold some of its assets Statements a and b are correct Statements a and care correct Previous Page Next Page Page 6 of 26 Question 6 (1 point) In a common size statement, the balance sheet may be expressed as a percentage of while the Income statement may be expressed as a percentage of assets; net income liabilities, equity equity: sales assets: sales Previous Page Next Page Page 6 of 26
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
