1. Consider the following information from Snuggie Corp.'s most recent Income Statement. Net Sales were $924, Operating Costs (excluding depreciation) were $270, and Depreciation and Amortization Expense was $155. The firm's Interest Expense for the year was $80, and the firm's marginal tax rate is 35%. The firm's Operating Cash Flow for the year is $_____________.

2. Schnucki Corp's. Operating Cash Flow for 2011 was $1225 and its Depreciation Expense for 2011 was $242. On 12/31/10 the balance in the Net Fixed Assets account was $753, and on 12/31/11 it was $931. Net Working Capital decreased by $128 during 2011. Schnucki's Cash Flow from Assets was $__________.

3. If a company has $2969 in Total Liabilities and $1887 in Total Owners' Equity, what is its Equity Multiplier?

4. Select financial information follows. Calculate Cash Flow from Assets. Hint: In the process, you will need to calculate the amount of taxes that would appear on the income statement based on the information available to you.

		from Balance Sheet 12/31/2031	from Balance Sheet 12/31/2032		from Income Statement, Year ending 12/31/2032
	current assets	159	174		Depr. Expense	229
	net fixed assets	748	798		EBIT	1095
	current liabilities	119	92		Interest expense	77
					Taxes (at 30%)	?

5. Match each of the following financial ratio outcomes with its most likelyinterpretation, all other factors being equal.

high days' sales outstanding

[ Choose ] poor ability to pay short-term obligations low bankruptcy risk good asset management high bankruptcy risk poor asset management

high cash coverage ratio

[ Choose ] poor ability to pay short-term obligations low bankruptcy risk good asset management high bankruptcy risk poor asset management

low quick ratio

[ Choose ] poor ability to pay short-term obligations low bankruptcy risk good asset management high bankruptcy risk poor asset management

high equity multiplier

[ Choose ] poor ability to pay short-term obligations low bankruptcy risk good asset management high bankruptcy risk poor asset management

high total asset turnover