What would cash flow from operations have been

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Q1. Jaffers Corporation has a current ratio (defined as current assets dividend by current liabilities) of 1.7 as of the end of 2020. Which of the following transaction would increase the current ratio?

a. Jaffers receives payment of an outstanding account receivable.

b. Jaffers pays an outstanding long-term liability

c. Jaffers purchases more inventory on account.

d. Jaffers issues long-term debt and receives cash

Q2. Quantum, LLC. Reported net income of $9,289,296 and a net cash inflow from operations of $8,984,892 for 2021. Quantum, LLC. used the straight-line depreciation method to determine depreciation expense for 2021 of $1,729,100. If Quantum, LLC. had used the double-declining balance depreciation method, depreciation expense for 2021 would have been $2,950,000. What would cash flow from operations have been if Quantum, LLC. had used the double-declining balance method?

Reference no: EM132805347

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