1. A firm reported Net Fixed Assets of $2,674,000 on its end-of-year 2014 balance sheet and Net Fixed Assets of $3,192,000 on its end-of-year 2015 balance sheet. If the depreciation expense of the firm's 2015 income statement was $520,000, what was the firm's net capital spending in 2015?

A. $518,000

B. $1,038,000

C. $3,194,000

D. $2,468,000

2.

CadMann Inc. had $318,000 in 2017 taxable income. Using the rates table below, calculate the company's 2017 income tax amount.

Taxable Income	Tax Rate
$ 0 50,000	15%
50,001 75,000	25%
75,001 100,000	34%
100,001 335,000	39%

A. $109,100

B. $107,270

C. $124,020

D. $113,900

3. During 2020, Dazang Inc. had sales of $15,214,000. Depreciation, Administrative and General Expenses, and Cost of Goods Sold were $1,220,000, $2,183,800, and $7,630,100, respectively. In addition, the company had interest expense of $980,000 and a tax rate of 21 percent. What is Dazang's operating cash flow?

A. $4,728,079

B. $3,508,079

C. $2,524,079

D. $3,196,100

E. $4,176,100

4. During 2016, SunBell Inc. had sales of $11,874,000. Cost of goods sold, administrative and general expenses, and depreciation expense were $4,620,000, $1,704,000, and $910,000 respectively. In addition, the company had interest expense of $540,000 and a tax rate of 34 percent. What is SunBell's net income for 2016?

A. $3,062,400

B. $2,706,000

C. $1,736,500

D. $4,100,000

5. If Kraffty Inc. has a profit margin of 15.2 percent, total asset turnover of 1.24 and ROE of 28.1 percent, what is the firm's debt-equity ratio?

A. 0.49

B. 1.47

C. 0.71

D. 0.84

E. 1.71

(Just need the answers please. Trying to check my work. Thank you.)