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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