10.

Premier Foods has an operating cash flow for the year of $21,600. At the beginning of the year, the firm had current assets of $5,050, net fixed assets of $40,400, and current liabilities of $5,150. At the end of the year, the firm had current assets of $5,800, net fixed assets of $40,600, and current liabilities of $6,000. What is the amount of the cash flow from assets for the year if the depreciation expense was $2,550?

$18,950

$21,600

$18,750

$19,700

11.

For the past year, Bloomington Industries had an operating cash flow of $7,900. The firm paid no dividends but did repurchase $7,200 worth of common stock. The net capital spending was $820 and the change in net working capital was $1,100. What was the cash flow to creditors?

$13,180

$7,480

$1,220

$11,260

12.

KCCO, Inc., has current assets of $4,500, net fixed assets of $23,500, current liabilities of $2,750, and long-term debt of $12,900.

What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.)

Shareholders' equity

$

How much is net working capital? (Do not round intermediate calculations.)

Net working capital

$

13.

The Dyrdek Co. had $264,000 in 2014 taxable income. Use the tax rates from Table 2.3.

Calculate the companys 2014 income taxes. (Do not round intermediate calculations.)

Taxes

$

14.

The Dyrdek Co. had $291,000 in 2014 taxable income. Use the tax rates from Table 2.3.

What is the average tax rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Average tax rate

%

What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

Marginal tax rate

%

15.

Ridiculousness, Inc., has sales of $44,500, costs of $24,100, depreciation expense of $1,800, and interest expense of $1,400.

If the tax rate is 35 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)

Operating cash flow

$

16.

Bowyer Driving Schools 2014 balance sheet showed net fixed assets of $4.7 million, and the 2015 balance sheet showed net fixed assets of $5.3 million. The companys 2015 income statement showed a depreciation expense of $405,000.

What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Net capital spending

$

17.

The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed long-term debt of $5.2 million, and the 2015 balance sheet showed long-term debt of $5.4 million. The 2015 income statement showed an interest expense of $125,000.

What was the firms cash flow to creditors during 2015? (Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Cash flow to creditors

$

18.

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $6.1 million, and the 2015 balance sheet showed long-term debt of $6.3 million. The 2015 income statement showed an interest expense of $210,000. During 2015, the company had a cash flow to creditors of $10,000 and the cash flow to stockholders for the year was $65,000. Suppose you also know that the firms net capital spending for 2015 was $1,460,000, and that the firm reduced its net working capital investment by $87,000.

What was the firms 2015 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Operating cash flow

$