1. A firm has common stock of $100, paid-in-surplus of $300, total liabilities of 390, current assets of $380, and fixed assets of $630. What is the amount of the shareholder equity?

2. Your firm has net income of $169 on total sales of $1,100. Costs are $710 and depreciation is $130. The tax rate is 35%. The firm does not have interest expenses. What is the operating cash flow?

3. Teddys Pillows has beginning net fixed assets of $480 and ending net fixed assets of $557. Assets valued at $311 were sold during the year. Depreciation was $39. What is the amount of net capital spending?

4. At the beginning of the year, a firm has current assets of $386 and current liabilities of $211. At the end of the year, current assets are $420 and current liabilities are $251. What is the change in net working capital?

5. At the beginning of the year, long-term debt of a firm is $270 and total debt is $330. At the end of the year, long term debt is $260 and total debt is $340. The interest paid is $34. What is the amount of cash flow to creditors?

6. Peggy Greys Cookies has net income of $365. The firm pays out 44 percent of net income to its shareholders as dividends. During the year, the company sold $80 worth of common stock. What is the cash flow to stockholders?

7. Operating cash flow is equal to (just write out the formula):

8. Cash flow to creditors is equal to interest paid minus (just write out an answer):

9. Precious Gems Jewelry has sales of $267,400 and costs of $200,800. The depreciation expense is $36,100. Interest paid equals $19,700 and dividends paid equal $4,500. The tax rate is 34 percent. What is the amount of the addition to retained earnings?

10. Highland Inc. has total assets of $16,200, net working capital of $3,900, owners equity of $8,500, and long-term debt of $6,000. What is the value of current assets?

11. Anderson Enterprises currently has $400 in cash. The company owes $1,200 to suppliers for merchandise and $4,500 to the bank for a long-term loan. Customers owe Anderson $1,900. The inventory has a book value of $3,700 and estimated market value of $4,400. If Anderson compiled a financial statement today, how much would it show as the value of current assets?

12. The Bake Shoppe has net working capital of $6,100, long-term debt of $10,400, and total debt of $15,200, and owner equity of $18,900. What is the value of The Bake Shoppe net fixed assets?

13. Grandel, Inc. has current liabilities of $10,200 and accounts receivable of $14,800. The firm has total assets of $39,700 and net fixed assets of $18,900. The owners equity has a book value of $16,500. What is the amount of net working capital?

14. Joes Store has net working capital of $1,800, total assets of $12,600, and net fixed assets of $9,700. What is the value of current liabilities?

15. The balance sheet of Retailers, Inc. has the following balances:

Account	Beginning Balance	Ending Balance
Cash	$ 20,300	$ 31,700
Accounts receivable	103,400	115,500
Inventory	258,700	231,000
Current Assets total	382,400	378,200
Net fixed assets	746,900	786,900
Total Assets	1,129,300
Accounts payable	342,800	351,600
Long-term debt	800,000	850,000

What is the amount of the change in net working capital?