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Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 88,000$ 78,000Inventory93,00075,000Net sales450,000377,000Cost of goods sold263,000226,000Total assets805,000760,000Total stockholders’ equity485,000415,000Net income75,00055,000 What is the gross profit ratio for 2024?Note: Round your answer to one decimal place.

To maximize cash flow from operations, a company strives to increase both cash flows per dollar of sales and sales per dollar of assets invested.

Loring Company reported net income of $205,000. Beginning and ending Inventory balances were $40,000 and $45,000, respectively. Accounts payable balances at the beginning and end of the year were $35,000 and $33,000, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:

True or False: If there is obstruction to pulmonary venous flow, as there is in obstructed TAPVR, you can increase pulmonary edema by utilizing nitric oxide.

The long-term assets section of the balance sheet is the place to look for investing activities.

Reimer Company reports the following data:   2024 2023 Sales 100% 100% Cost of Goods Sold 21% 11% Gross Profit 79% 89% Operating Expenses 45% 35% Net Income 34% 54% When evaluating the results of operations, what can be said about Reimer Company?

Horizontal analysis examines trends in a company:

Assume net income was $140,000, depreciation expense was $5,700, accounts receivable decreased by $10,000, and accounts payable decreased by $3,300. The amount of net cash flows from operating activities is:

We report treasury stock at the cost of the shares acquired.

A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $40,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash inflows (outflows) in the statement of cash flows?