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1. Your firm has total assets of $79,600; fixed assets of $43,100; long term debt of $29,200 and short term debt of $19,900. What is

1. Your firm has total assets of $79,600; fixed assets of $43,100; long term debt of $29,200 and short term debt of $19,900. What is the amount of net working capital?

A. $16,600

B. $36,500

C. $7,300

D. $30,500

2. Dukes Garage has cash of $68, accounts receivable of $142, accounts payable of $235, and inventory of $31. What is the value of the quick ratio?

A. 1.03

B. 0.76

C. 2.25

D. 0.89

3. Taylor's Men's Wear has a debt-equity ratio of 80 percent, sales of $902,000, net income of $39,810, and total debt of $185,900. What is the return on equity?

A. 17.13 percent

B. 7.32 percent

C. 9.74 percent

D. 14.40 percent

E. 21.29 percent

4. A firm has a debt-equity ratio of 0.58. What is the total debt ratio?

A. 0.42

B. 0.37

C. 0.51

D. 0.61

E. 1.19

5.

Refer to the following items on the balance sheets of a firm for the years ending December 31, 2018 and 2019.

ITEM 2018 2019
Accounts Payable $729,500 $917,300
Long Term Debt $1,283,900 $1,081,800
Common Stock ($1 par) $2,184,000 $2,471,300
Retained Earnings $3,227,100 $3,419,800

If the firm's interest expense on its 2019 income statement was $408,516, calculate the net cash flow to the firm's creditors in 2019.

A. $408,516

B. $610,616

C. $138,620

D. $206,416

(Just need the answers please, trying to check over my work.)

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