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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