Use the Information Below to Answer the Following Questions -What Was the Cash Flow from Financing Activities?
A) $3200

question 28

Multiple Choice

Use the information below to answer the following questions:
$\begin{array}{lr} & \$ \\ \text { Cash sales } & 3000 \\ \text { Cash collected from accounts receivable } & 2500 \\ \text { Dividends received } & 1300 \\ \text { Dividends paid } & 1100 \\ \text { Interest received } & 1400 \\ \text { Interest paid } & 1500 \\ \text { Cash paid to accounts payable } & 2900 \\ \text { Proceeds of sale of investments } & 3300 \\ \text { Issue of shares } & 4500 \\ \text { Issue of debentures } & 3600 \\ \text { Tax paid } & 4700 \\ \text { Wages paid to employees } & 4100 \\ \text { Share buybacks } & 3800 \\ \text { Purchase of property, plant and equipment } & 1200\end{array}$
-What was the cash flow from financing activities?

• A) $3200
• B) $4300
• C) ($400)
• D) $7000.

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Definitions:

Net Sales

The amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Amounts owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Receivables Turnover Ratio

A financial metric that measures how efficiently a company collects cash from credit customers.

Sales Returns

Goods returned by customers to the seller after the sale has occurred, typically due to defects or dissatisfaction.