1.

Use the following information for Ingersoll, Inc., (assume the tax rate is 40 percent):

	2011			2012
Sales	$	9,735		$	10,309
Depreciation		1,315			1,316
Cost of goods sold		2,886			3,250
Other expenses		829			724
Interest		715			793
Cash		4,299			5,393
Accounts receivable		5,629			6,317
Short-term notes payable		984			936
Long-term debt		15,450			17,950
Net fixed assets		36,355			37,557
Accounts payable		4,696			4,375
Inventory		9,860			10,128
Dividends		1,146			1,241

For 2012, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

Cash flow from assets

$

Cash flow to creditors

$

Cash flow to stockholders

$

2.

Bishop, Inc., has current assets of $4,200, net fixed assets of $25,300, current liabilities of $3,250, and long-term debt of $13,900. (Do not round intermediate calculations.)

What is the value of the shareholders' equity account for this firm?

Shareholders' equity

$

How much is net working capital?

Net working capital

$

3.

Klingon Cruisers, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans today for $7.4 million. Klingon's current balance sheet shows net fixed assets of $6 million, current liabilities of $790,000, and net working capital of $246,000. If all the current assets were liquidated today, the company would receive $1.13 million cash.

What is the book value of Klingon's assets today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

Book value of total assets

$

What is the market value? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

Market value of total assets

$

4.

Schwert Corp. shows the following information on its 2012 income statement: sales = $244,000; costs = $160,000; other expenses = $7,900; depreciation expense = $14,900; interest expense = $14,500; taxes = $16,345; dividends = $11,500. In addition, you