# Ch2 - Chapter 2 Financial Statements Taxes And Cash Flow...

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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? ________ 3. What is the total amount of stockholders’ equity for 2007? ________ 4. What is the amount of the non-cash expenses? ________ 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? ________ 7. What is the cash flow from assets?

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