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11 June, 01:43

A B C

Cash provided (used) by operating activities $ 64,000 $ 60,000 $ (24,000)

Cash provided (used) by investing activities (26,000) (35,000) 27,000

Cash provided (used) by financing activities (6,000) 0 24,000

Net increase (decrease) in cash $ 32,000 $ 25,000 $ 27,000

Average total assets $ 791,000 $ 626,000 $ 324,000

Rank the three companies from high to low on cash from operating activities.

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Answers (1)
  1. 11 June, 03:20
    0
    A $64,000 1

    B $60,000 2

    C - $24,000 3

    Explanation:

    As we know that

    The cash flow statement records three types of activities i. e operating activities, investing activities, and the financing activities

    Since we have to determine the rank based on cash from operating activities

    The rank is shown below:

    A $64,000 1

    B $60,000 2

    C - $24,000 3
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