CH02AQZV7

# CH02AQZV7 - Chapter 02 Quiz A Student Name _ Use these...

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Chapter 02 Quiz A Student Name _________________________ Student ID ____________ Use these financial statements to answer the questions on this quiz. Balance Sheet 2004 2005 2004 2005 Cash \$ 1,100 \$ 1,300 Accounts payable \$ 3,000 \$ 2,100 Accounts receivable 3,900 3,600 Long-term debt 6,800 7,300 Inventory 5,600 5,100 Common stock 8,800 9,000 Net fixed assets 10,900 12,800 Retained earnings 2,900 4,400 Total assets \$21,500 \$22,800 Total liabilities and equity \$21,500 \$22,800 Income Statement Net Sales \$41,000 Costs 31,500 Depreciation 1,600 EBIT 7,900 Interest 400 Taxable income 7,500 Taxes 1,125 Net Income \$ 6,375 ________ 1. What is the amount of the current assets for 2005? a. \$4,900 b. \$10,000 c. \$10,600 d. \$22,800 ________ 2. What is the amount of the net working capital for 2005? a. \$600 b. \$2,800 c. \$7,900 d. \$13,400 ________ 3. What is the total amount of stockholders’ equity for 2005? a. \$4,400 b. \$9,000 c. \$13,400 d. \$22,800 ________ 4. What is the amount of the non-cash expenses? a. \$1,600 b. \$2,000 c. \$4,625 d. \$4,875 ________ 5. What is the amount of dividends paid this year? a. \$3,575 b. \$4,875 c. \$6,375 d. \$7,875 ________ 6. What is the amount of the cash flow from operations? a. \$6,375 b. \$7,900 c. \$7,975 d. \$8,375 ________ 7. What is the amount of net capital spending? a. \$300 b. \$1,900 c. \$2,900 d. \$3,500 ________ 8. What is the change in net working capital? a. -\$800 b. -\$300 c. \$300 d. \$800 ________ 9. What is the amount of the cash flow to creditors? a. -\$800 b. -\$100 c. \$100 d. \$800 ________ 10. What is the amount of the cash flow to stockholders? a. \$3,175 b. \$3,375 c. \$4,675 d. \$6,375

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Chapter 02 Quiz A Answers 1. b Current assets for 2005 = \$1,300 + \$3,600 + \$5,100 = \$10,000 2. c Net working capital for 2005 = \$1,300 + \$3,600 + \$5,100 – \$2,100 = \$7,900 3. c Stockholders’ equity for 2005 = \$9,000 + \$4,400 = \$13,400
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## This note was uploaded on 05/29/2010 for the course FIN 325 taught by Professor Staff during the Spring '08 term at San Diego State.

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CH02AQZV7 - Chapter 02 Quiz A Student Name _ Use these...

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