Submitted by: Submitted by rwetmore16
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Words: 1379
Pages: 6
Category: Business and Industry
Date Submitted: 02/21/2012 02:03 PM
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Title: Started: Submitted: Time spent: HW1 September 14, 2009 11:53 AM September 15, 2009 2:36 PM 26:42:51 Total score adjusted by 0.0 Maximum possible score: 30
Total score: 30/30 = 100% Done 1.
Use the following information for this and the next three questions. SMJ Inc. had the following information on last year’s balance sheet.
Sales Costs Other expenses Depreciation expense Interest expense Taxes Dividends 2002 New equity Net new long-term debt Increase in net fixed assets
$ 178,000 82,500 7,500 14,700 8,400 21,400 12,460 $ 5,400 (2,400) 17,800
What was the operating cash flow for SMJ? Possible Answers A. 10,800 B. 66,600 C. 7,060 D. 17,860 Score: 2. What was the cash flow to creditors for SMJ? Possible Answers A. 7,060 B. 66,600 C. 10,800 1/1
1 of 9
11/9/2009 1:45 AM
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Possible Answers D. 17,860 Score: 3. What was the cash flow to stockholders of SMJ? Possible Answers A. 66,600 B. 17,860 C. 7,060 D. 10,800 Score: 4. What was the change in net working capital for SMJ? Possible Answers A. 16,240 B. 10,800 C. 7,060 D. 6,600 Score: 5. Use the following information for this and the next four questions. You are given the following for TG Inc. for the last year: 1/1 1/1 1/1
Sales Cost of goods sold Depreciation expense Interest expense Dividends paid New debt issued Beginning Net fixed assets Beginning Current assets Beginning Current liabilities Ending Net fixed assets Ending Current assets Ending Current liabilities Tax rate
$ 26,500 18,850 2,900 400 16,000 500 $ 12,400 2,600 2,250 $ 15,250 3,890 2,650 40%
2 of 9
11/9/2009 1:45 AM
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