Tito Inc.'s comparative balance sheets included accounts receivable of $80,800 at December 31, 2015, and $111,500 at December 31, 2016. Sales reported by Tito on its 2016 income statement amounted to $1,365,000.
What is the amount of cash collections that Tito will report in the Operating Activities section of its 2016 statement of cash flows assuming that the direct method is used?

Cash Flow Adequacy
A company generated $7,865,000 from its operating activities and spent $4,840,000 on additions to its plant and equipment during the year. The total amount of debt that matures in the next five years is $1,250,000.
Compute the company's cash flow adequacy ratio for the year. Round your answer to one decimal place.

Cash Payments for Income Taxes—Indirect Method
Conifer Inc. began the year with a balance in its Income Taxes Payable account of $5,500. The year-end balance in the account was $16,000. The company uses the indirect method in the Operating Activities section of the statement of cash flows. Therefore, it presents the amount of income taxes paid at the bottom of the statement as a supplemental disclosure. The amount of taxes paid during the year was $12,000.
What amount of income tax expense will appear on Conifer's income statement?

Cash Payments—Direct Method
Acer Inc. comparative balance sheets included inventory of $90,200 at December 31, 2015, and $70,600 at December 31, 2016. Acer's comparative balance sheets also included accounts payable of $64,600 at December 31, 2015, and $41,500 at December 31, 2016. Acer's accounts payable balances are composed solely of amounts due to suppliers for purchases of inventory on account. Cost of goods sold, as reported by Acer on its 2016 income statement, amounted to $770,900.
What is the amount of cash payments for inventory that Acer will report in the Operating Activities section of its 2016 statement of cash flows assuming that the direct method is used?

Tito Inc.'s comparative balance sheets included accounts receivable...