1.

Using the following information, compute the ENDING cash balance for the year.

Cash balance, beginning $1,500

Cash paid to repay a loan 1,000

Cash collected from customers 10,000

Cash received from issuance of new shares of common stock 1,200

Cash paid for dividends 780

Cash paid for income taxes 1,320

Cash paid to purchase machinery 1,950

Cash paid to purchase inventory 10,800

Cash received from sale of a building 5,600

Cash paid for interest 450

• $1,570
• $1,420
• $3,000
• $2,000
• $800

2.

Using the data below, compute Price-Earnings Ratio.

Accounts Payable 800

Accounts Receivable 1,100

Capital Stock 2,000

Cash 50

Cost of Goods Sold 6,000

Inventory 1,500

Long-term Debt 1,820

Net Income 950

Property, Plant, and Equipment (net) 3,000

Retained Earnings 1,030

Sales 10,000

Market value of shares 12,000

• 12.6
• 6.3
• 6.9
• 15.0
• 11.7