1)

2)

Your balance sheet last year showed 100 million in cash. You just finished your statement of cash flow, which gives you the following information: Net cash provided by operating activities: -10 million Cash used to acquire fixed assets: -50 million Increase in Notes Payable: 25 million Increase in long-term debt: 100 million Dividends paid -50 million What is your addition to your cash position in the balance sheet? You are given the following information for Happy's Pizza Co.: Sales/Revenues = 500,000 Cost/Expenses = 250.000 EBIT = 200,000 Interest = 20,000 Tax rate 30% What is the amount of depreciation shown in the Income Statement? 300,000 160,000 54.000 50,000 None of the answers is correct