Question

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.

Answer 1

A $64,000 1

B $60,000 2

C -$24,000 3

Step-by-step 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