# Ch2 - Chapter 2 Financial Statements Taxes And Cash Flow Chapter 02 Quiz A Student Name Use these financial statements to answer the questions on

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Chapter 2 Financial Statements, Taxes And Cash Flow Chapter 02 Quiz A Student Name _________________________ Student ID ____________ Use these financial statements to answer the questions on this quiz. Balance Sheet 2006 2007 2006 2007 Cash \$ 1,400 \$ 2,300 Accounts payable \$ 5,300 \$ 4,700 Accounts receivable 4,100 4,300 Long-term debt 12,800 9,400 Inventory 8,400 7,600 Common stock 7,500 10,000 Net fixed assets 17,600 19,100 Retained earnings 5,900 9,200 Total assets \$31,500 \$33,300 Total liabilities and equity \$31,500 \$33,300 Income Statement Net Sales \$32,700 Costs 20,705 Depreciation 2,510 EBIT 9,485 Interest 1,000 Taxable income 8,485 Taxes 2,885 Net Income \$ 5,600 ________ 1. What is the change in net working capital? a. \$300 b. \$900 c. \$8,600 d. \$9,500 ________ 2. What is the net capital spending? a. -\$1,010 b. \$1,500 c. \$2,510 d. \$4,010 ________ 3. What is the total amount of stockholders’ equity for 2007? a. \$9,200 b. \$10,000 c. \$19,200 d. \$28,600 ________ 4. What is the amount of the non-cash expenses? a. \$1,000 b. \$2,510 c. \$2,885 d. \$3,510 ________ 5. How much was paid out to shareholders in the form of dividends during 2007? a. \$0 b. \$2,300 c. \$3,300 d. \$5,600 ________ 6. What is the amount of the operating cash flow? a. \$3,090 b. \$5,600 c. \$8,110 d. \$9,110 ________ 7. What is the cash flow from assets? a. \$1,800 b. \$3,600 c. \$3,800 d. \$4,200 ________ 8. What is the cash flow to creditors? a. \$2,400 b. \$4,000 c. \$4,400 d. \$5,000 ________ 9. What is the amount of the current assets for 2007? a. \$5,500 b. \$6,600 c. \$13,900 d. \$14,200 ________ 10. What is the amount of the cash flow to stockholders? a. -\$3,100 b. -\$200 c. \$2,500 d. \$9,100 2-1

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Chapter 2 Financial Statements, Taxes And Cash Flow Chapter 02 Quiz A Answers 1. b Change in net working capital = (\$2,300 + \$4,300 + \$7,600 − \$4,700) − (\$1,400 + \$4,100 + \$8,400 − \$5,300) =
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## This note was uploaded on 12/11/2010 for the course FIN FIN201 taught by Professor Mohdhassan during the Spring '10 term at American University of Sharjah.

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Ch2 - Chapter 2 Financial Statements Taxes And Cash Flow Chapter 02 Quiz A Student Name Use these financial statements to answer the questions on

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