What-was crooked golfs net cash flow in 2014

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1. Crooked Golf's 2014 income statement shows that net income was 590,000, depreciation was $25,000, and taxes were $60,000. What-was Crooked Golf's net cash flow in 2014?

2. Credit Card of America (CCA) has a current ratio of 3.5 and a quick ratio of 3.0. If its total current assets equal 173,500, what are CCA's (a) current liabilities and (b) inventory?

3. The balance sheet for Panoramic Open Pic: tures (POP) shows 5300,000 in total assets and $200,000 in total liabilities. POP's return on as¬sets (ROA) is 5 percent. Compute POP's (a) net income for the year and (b) its return on equity (ROE). POP has no preferred stock.

4. At the end of the year, Water Works International (WWI) had 410,000 in total assets. Its total assets turnover was 2.5, and its return on assets (ROA) was 4 percent. What were WWI's (a) sales revenues and (b) net profit margin?

5. Wiley's Wilderness pays 6 percent interest on its outstanding debt, which equals $200,000. The company's sales are 5540,000, its tax rate is 40 percent, and its net profit margin is 4 percent. (a) What is Wiley's TIE? (b) If Wiley's wants to maintain a TIE equal to 6.0, what must its sales PM tar)

6. Smitty's Finger-Licking BBQ has a total assets turnover equal to 2.0, a return on equity (ROE) equal to 15 percent, and a debt ratio equal to 60 percent. If Smitty's is financed with debt and common stock, what are its (a) return on assets (ROA) and (b) net profit margin?

7. Horatio's Hot Dogs' current assets equal $260,000. The company's return on assets (ROA) is 4 percent, its net income is 5140,000, its longterm debt equals 51,755,000, and 35 percent of its assets are financed with common equity. Horatio's has no preferred stock. Compute the company's current ratio.

8. Sixty (60) percent of Extreme Well Drilling's sets are financed with common equity, which is the only type of equity financing the company has. Extreme's current ratio is 5.0, its total assets turnover is 4.0, current assets equal 4150,000, and its sales equal $1,800,000. What amount of Extreme's total liabilities is long term, and what amount is short term (current assets)?

Reference no: EM13670951

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