Practice exam 1 - (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

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Unformatted text preview: . (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? a. $1,012 b. $1,660 c. $1,440 d. $1,780 e. $1,130 Save Answer 3. (6 point(s)) What is net income for 2006? a. $784 b. $574 c. $660 d. $112 e. $158 Save Answer 4. (6 point(s)) What is operating cash flow for 2006? a. $1,072 b. $1,464 c. $1,800 d. $ 809 e. $1,662 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? a. –$ 10 b. $330 c. $ 30 d. –$140 e. –$500 Save Answer 7. (6 point(s)) What is cash flow from assets for 2006? a. $ 908 b. $2,009 c. $1,464 d. $1,072 e. $1,662 Save Answer 8. (6 point(s)) What is the LI’s quick ratio for 2005? a. 0.79 b. 1.16 c. 0.67 d. 0.44 e. 1.62 Save Answer 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 10. (6 point(s)) What is the LI’s times interest earned ratio for 2006? a. 3.65 times b. 6.50 times c. 4.50 times d. 2.57 times e. 1.52 times Save Answer 11. (6 point(s)) What was LI’s inventory turnover for 2005? a. 1.59 b. 3.51 c. 2.01 d. 2.79 e. 1.48...
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This note was uploaded on 04/16/2008 for the course FINANCE 61.301 taught by Professor Yash,puri during the Spring '08 term at UMass Lowell.

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Practice exam 1 - (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

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