{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

practice exam 1 - (6 point(s Use the following Lowell Inc...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
. (6 point(s))      Use the following Lowell Inc. information for Questions 1 to 13.    Lowell Inc. 2005 2006 Sales $3,500 $4,200 Cost of Goods Sold 1,850 2,190 Interest  310 320 Selling, General and Administrative Expense 200 210 Dividends 144 196 Depreciation 320 360 Cash 445 206 Receivables 290 350 Current liabilities 1,100 1,250 Inventory 1,166 1,090 Long-term debt 5,535 4,200 Net fixed assets 8,000 7,500 Tax rate 30% 30%   How much did Lowell Inc. (LI) pay in taxes for 2005? a. $135 b. $246 c. $336 d. $112 e. $194   Save Answer  2. (6 point(s))      What is the earnings before interest and taxes (EBIT) for 2006?
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
  Save Answer  3. (6 point(s))      What is net income for 2006?   Save Answer  4. (6 point(s))      What is operating cash flow for 2006?
Image of page 2
  Save Answer  5. (6 point(s))      What is net working capital for 2006? a. $ 473 b. $1,060 c. $ 607 d. $ 519 e. $ 396   Save Answer  6. (6 point(s))      What is net capital spending for 2006?
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
  Save Answer  7. (6 point(s))      What is cash flow from assets for 2006?   Save Answer  8. (6 point(s))      What is the LI’s quick ratio for 2005?   Save Answer 
Image of page 4
9. (6 point(s))      What is the LI’s total debt ratio for 2006? a. 0.67 b. 1.16 c. 0.44 d. 1.62 e. 0.60   Save Answer 
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern