quiz 2 finance - 1 Which one of the following is included in net working capital Land Accounts payable Equipment Depreciation Dividend 2 Kroeger

quiz 2 finance - 1 Which one of the following is included...

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1) Which one of the following is included in net working capital? Land Accounts payable Equipment Depreciation Dividend 2) Kroeger Exporters has total assets of $74,300, net working capital of  $22,900, owners' equity of $38,600, and long-term debt of $23,900. What is  the value of the current assets? $21,600 $24,300 $38,900 $34,700 $46,100 3)  Which one of the following statements concerning the balance sheet is  correct? Total assets equal total liabilities minus total equity. Net working capital is equal total assets minus total liabilities. Assets are listed in descending order of liquidity. Current assets are equal to total assets minus net working capital. Shareholders' equity is equal to net working capital minus net fixed  assets plus long-term debt. 4) The owners' equity for The Deer Store was $58,900 at the beginning of  the year. During the year, the company had aftertax income of $4,200, of  which $3,200 was paid in dividends. Also during the year, the company  repurchased $6,500 of stock from one of the shareholders. What is the value  of the owners' equity at year end? $53,400 $45,000 $59,900 $84,400 $90,900 Ending owners' e= $58,900 + $4,200 - $3,200 - $6,500 = $53,400
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5)  Bridgewater Furniture has sales of $811,000, costs of $658,000, and  interest paid of $21,800. The depreciation expense is $56,100 and the tax  rate is 34 percent. At the beginning of the year, the firm had retained  earnings of $318,300 and common stock of $250,000. At the end of the year, the firm has retained earnings of $322,500 and common stock of $280,000.  What is the amount of the dividends paid for the year?
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  • Spring '08
  • Ettinger
  • Finance

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