liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Accounts receivable   Plant and equipment   Inventories     The most recent data from the annual balance sheets of Free Spirit Industries Corporation and LeBron Sports Equipment Corporation are as follows: Balance Sheet December 31st31st (Millions of dollars)   LeBron Sports Equipment Corporation Free Spirit Industries Corporation   LeBron Sports Equipment Corporation Free Spirit Industries Corporation Assets     Liabilities     Current assets     Current liabilities     Cash $3,157 $2,029 Accounts payable $0 $0 Accounts receivable 1,155 743 Accruals 696 0 Inventories 3,388 2,178 Notes payable 3,944 3,712 Total current assets $7,700 $4,950 Total current liabilities $4,640 $3,712 Net fixed assets     Long-term bonds 5,672 4,538 Net plant and equipment 6,050 6,050 Total debt $10,312 $8,250       Common equity           Common stock $2,235 $1,788       Retained earnings 1,203 962       Total common equity $3,438 $2,750 Total assets $13,750 $11,000 Total liabilities and equity $13,750 $11,000   Free Spirit Industries Corporation’s quick ratio is    , and its current ratio is    ; LeBron Sports Equipment Corporation’s quick ratio is    , and its current ratio is    .   Which of the following statements are true? Check all that apply. LeBron Sports Equipment Corporation has a better ability to meet its short-term liabilities than Free Spirit Industries Corporation.   If a company’s current liabilities are increasing faster than its current assets, the company’s liquidity position is weakening.   An increase in the quick ratio over time usually means that the company’s liquidity position is improving and that the company is managing its short-term assets well.   Compared to Free Spirit Industries Corporation, LeBron Sports Equipment Corporation has less liquidity and a lower reliance on outside cash flow to finance its short-term obligations.   An increase in the current ratio over time always means that the company’s liquidity position is improving.

Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash For the Years Ended December 31 2025 $ 3,560,000 2,490,000 1,070,000 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Problem 12-6A (Static) Part 1 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 965,000 40,000 0 23,000 9,000 1,037,000 $ 33,000 2024 38.3 times 15.1 times % 2024 $ 3,086,000 1,960,000 1,126,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 39.3 times 19.5 times 868,000 32,000 % 9,000 20,000…

Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values ​​for the company: Total asset turnover ratio _____________ Fixed asset turnover ratio _____________

Use the following data to determine the total dollar amount of assets to be classified as long-term investments. Ace Supply Company Balance Sheet December 31, 2025 Cash Accounts receivable Inventory Short-term investments Land (held for future use) Land Buildings Less: Accumulated depreciation (60,000) Franchise Total assets O $255,000 O $0 $339,000 O $465,000 O $585.000 $ 126,000 120,000 210,000 90.000 255.000 285,000 210.000 $1.575.000 Accounts payable Salaries and wages payable Note payable (due 2028) Total liabilities Common stock Retained: earnings Total stockholders' equity Total liabilities and stockholders' equity 279,000 $ 165,000 30,000 270.000 465,000 360,000 750,000 1.110.000 $1.575.000

Cash flow from operating activity????

Net cash flow from financing activities please

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