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