32、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted. An analyst gathered the following information from a company's financial statements ($ millions): Year ended 31 December | 2003 | 2004 | Sales | 320.1 | 322.8 | Net income | 26.8 | 27.2 | Cash flow from operations | 38.1 | 15.3 |
Based only on the information above, during 2004 the company most likely decreased the: A. proportion of sales made on a cash basis. B. inventory, anticipating lower demand for its products in 2005. C. proportion of interest-bearing debt relative to trade accounts payable. D. investment in long-term assets by selling undeveloped land at a substantial loss.
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发表于 2008-5-27 15:35
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