PLEASE PLEASE ANSWER AS SOON AS POSSIBLE.

1. Use the information below for Harding Company to answer thequestion that follow.

Harding Company
Accounts payable	$27,565
Accounts receivable	71,510
Accrued liabilities	6,541
Cash	16,862
Intangible assets	42,141
Inventory	77,866
Long-term investments	103,355
Long-term liabilities	70,445
Marketable securities	33,752
Notes payable (short-term)	23,329
Property, plant, and equipment	622,170
Prepaid expenses	2,338

Based on the data for Harding Company, what is the amount ofworking capital?

a.$969,994

b.$202,328

c.$619,832

d.$144,893

4. The net income reported on the income statement for thecurrent year was $299,087. Depreciation recorded on fixed assetsand amortization of patents for the year were $40,017 and $8,817,respectively. Balances of current asset and current liabilityaccounts at the end and at the beginning of the year are asfollows:

	End	Beginning
Cash	$44,572	$61,677
Accounts Receivable	126,254	108,076
Inventories	108,065	87,301
Prepaid Expenses	2,527	8,758
Accounts Payable (merchandise creditors)	50,189	68,635

What is the amount of cash flows from operating activitiesreported on the statement of cash flows prepared by the indirectmethod?

a.$284,286

b.$308,979

c.$296,764

d.$370,012

5. The current period statement of cash flows includes thefollowing:

Cash balance at the beginning of the period	$405,879
Net cash flow from operating activities	182,533
Net cash flow used for investing activities	52,196
Net cash flow used for financing activities	87,070

The cash balance at the end of the period is

a.$449,146

b.$266,613

c.$727,678

d.$501,342

6. Based on the following data, what is the accounts receivableturnover?

Sales on account during year	$481,499
Cost of goods sold during year	213,323
Accounts receivable, beginning of year	43,966
Accounts receivable, end of year	51,797
Inventory, beginning of year	99,266
Inventory, end of year	119,283

a.2.3

b.11

c.10.1

d. 4

8. A company with working capital of $375,551 and a currentratio of 3.2 pays a $82,906 short-term liability. The amount ofworking capital immediately after payment is

a.$551,149

b.$463,350

c.$375,551

d.$87,799

11. Assume the following sales data for a company:

	Current year	$758,619
	Preceding year	520,482

What is the percentage increase in sales from the preceding yearto the current year (rounded to one decimal place)?

a.31.4%

b.14.4%

c.77.1%

d.45.8%

12. Cash dividends of $72,881 were declared during the year.Cash dividends payable were $10,358 at the beginning of the yearand $15,733 at the end of the year. The amount of cash for thepayment of dividends during the year is

a.$67,506

b.$72,881

c.$83,239

d.$98,972

15. Accounts receivable from sales transactions were $49,594 atthe beginning of the year and $67,778 at the end of the year. Netincome reported on the income statement for the year was $143,428.Exclusive of the effect of other adjustments, the cash flows fromoperating activities to be reported on the statement of cash flowsprepared by the indirect method would be

a.$143,428

b.$18,184

c.$125,244

d.$161,612