Wise's Corner Grocer had the following current account values. What effect did the change in net working capital

The most acceptable method of evaluating the financial statements of a firm is to compare the firm's current:    A.  financial ratios to the firm's historical ratios. B.  financial statements to the financial statements of similar firms operating in other countries. C.  financial ratios to the average ratios of all firms located within the same geographic area. D.  financial statements to those of larger firms in unrelated industries. E.  financial statements to the projections that were created based on Tobin's Q.

46.

Which of the following represent problems encountered when comparing the financial statements of two separate entities? I. Either one, or both, of the firms may be conglomerates and thus have unrelated lines of business. II. The operations of the two firms may vary geographically. III. The firms may use differing accounting methods. IV. The two firms may be seasonal in nature and have different fiscal year ends.    A.  I and II only B.  II and III only C.  I, III, and IV only D.  I, II, and III only E.  I, II, III, and IV

47.

Wise's Corner Grocer had the following current account values. What effect did the change in net working capital have on the firm's cash flows for 2012?       A.  net use of cash of $37 B.  net use of cash of $83 C.  net source of cash of $83 D.  net source of cash of $132 E.  net source of cash of $135

48.

During the year, Kitchen Supply increased its accounts receivable by $130, decreased its inventory by $75, and decreased its accounts payable by $40. How did these three accounts affect the firm's cash flows for the year?    A.  $245 use of cash B.  $165 use of cash C.  $95 use of cash D.  $95 source of cash E.  $165 source of cash