1) During the last year, sigma co had net income of 143, paid $19 in dividends, and sold new stock for $40. Beginning equity for the year was $700. Ending equity was?

2) The following items are components of a traditional balance sheet. How much are the total assets of the firm.

Plant and equipment $43,400

Common stock $15,000

Cash 7,600

Inventory 24,400

Bad debt reserve 6,000

Additional paid-in capital 6,000

Accumulated depreciation 25,800

Accounts receivable 22,000

Answer:

3)Cameron Balance Sheet

Accounts Payable and Accruals 30

Accounts Receivable 65

Accumulated Depreciation (175)

Cash 33

Common Stock 120

Fixed Assets (Gross) 390

Inventory 132

Long-Term Debt 200

Retained Earnings 65

What is Cameron Inc.'s Net Working Capital

4) A firm's current ratio is 1.8 and it's quick ratio is 1.0. If its current liabilities are $10,500, what are its inventories

5) Iris Income Statement

Cost of Goods Sold 320

Depreciation Expense 35

Interest Expense 20

Operating Expense (excluding depreciation) 115

Sales 690

What was Iris Inc's earnings before interest and taxes (EBIT)

6) Iris Balance Sheet

Accounts Payable and Accruals 65

Accounts Receivable 63

Accumulated Depreciation (175)

Cash 31

Common Stock 120

Fixed Assets (gross) 390

Inventory 129

Long-Term Debt 200

Retained Earnings 65

What is Iris Inc.'s Total Assets?

7) Flying Tigers, Inc., has net sales of $796,000 and accounts receivables of $157,000. What is the firm's accounts receivables turnover? (Give your answer up to two decimal places)

8)Reagan Corp. has reported a net income of $805,000 for the year. The company's share price is $13.59, and the company has 317,050 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places.

9) You purchased a piece of property for $30,000 nine years ago and sold it today for $83,190. What was the annual rate of return on your investment

A. 9%

B. 10%

C. 11%

D. 12%

10. The First National Bank has agreed to lend you $30,000 today, but you must repay $42,135 in 3 years. What rate is the bank charging you? A. 13%

B. 12%

C. 11%

D. 10%

11. The Florida lottery agrees to pay the winner $247,000 at the end of the year for next 20 years. What is the future value of this prize if each payment is put in an account earning 0.08?