Reference no: EM132489165

Question 1: Suppose you are given the following information for Panola Bread:

sales=$30,000; costs= $10,000; addition to retained earnings =$4,365;

dividends paid =$485; interest expense $1,200; tax rate =30 percent.

What is the amount of the depreciation expense?

Question 2: A firm has $345 in inventory, $942 in fixed assets, $210 in accounts recievables, $320 in accounts payable, and $65 in cash. What is the amount of the current assets?

Question 3: Benard Auto Repair has shareholders' equity of $121,400. The firm owes a total of $132,000 of which 40% is payable within the next year. The firm has net fixed assets of $151,620. What is the amount of the net working capital?

Question 4: A firm has net working capital of $540. Long term debt is $3,410, total assets are $5,340 and fixed assets are $3,720. What is the amount of the total liabilities?

Question 5: Jett Gas LLC has total sales of $1,479,600 and costs of $914,300. Depreciation is $41,650 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?

Question 6: Smith Auto Dealership had beginning net fixed assets of $216,525 and ending net fixed assets of $208,650. During the year, assets with a combined book value of $7,844 were sold. Depreciation for the year was $41,320. What is the net cash flow from the purchase or sale of assets?

Question 7: The Atlanta Newsfeed Corporation had net income of $132,700 of which 40 percent was distributed to shareholders as dividends. During the year, the company sold $79,000 worth of common stock. What is the cash flow to stockholders?