1. Black River Adventures has net income of $2,918, interest expense of $1,415, sales of $22,950, and costs of $10,480. What is the amount of the depreciation expense if the firms tax rate is 35 percent?

$7,980.77

$8,137.00

$6,565.77

$2,717.86

2. Lexington Motors had current assets of $12,700, net fixed assets of $47,700, and current liabilities of $10,000 at the beginning of the year. At the end of the year, the firm had current assets of $11,500, net fixed assets of $50,100, and current liabilities of $10,550. What is the amount of the change in net working capital for the year?

$650

$1,250

$1,750

$3,650

3. Premier Foods has an operating cash flow for the year of $19,600. At the beginning of the year, the firm had current assets of $4,750, net fixed assets of $39,400, and current liabilities of $5,050. At the end of the year, the firm had current assets of $5,400, net fixed assets of $38,600, and current liabilities of $5,800. What is the amount of the cash flow from assets for the year if the depreciation expense was $2,250?

$18,050

$18,250

$19,600

$18,900

4. Sunshine Tours had 3,900 shares of stock outstanding at the beginning of the year. On March 31, the firm sold an additional 650 shares at a price per share of $33.5. On June 30, the firm issued an annual dividend of $2.60 per share. What was the cash flow to stockholders for the calendar year?

$9,945

$33,605

$33,605

$9,945

5. For the past year, Bloomington Industries had an operating cash flow of $3,900. The firm paid no dividends but did repurchase $5,600 worth of common stock. The net capital spending was $660 and the change in net working capital was $300. What was the cash flow to creditors?

$8,540

$2,660

$5,240

$7,580