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16) Assume the following in Excel: Cell A1 - interest expense for 2017; Cell A2-long-term debt for 2017; Cell A3 - long-term debt for 2016;

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16) Assume the following in Excel: Cell A1 - interest expense for 2017; Cell A2-long-term debt for 2017; Cell A3 - long-term debt for 2016; Cell A4 - dividends paid 2017; Cell A5-common stock on balance sheet 2017; Cel A6 common stock on balance sheet 2016. The correct formula for the cash flow to creditors in 2017 would be B) A4- (A5- A6) A1 (A2 - A3) D) A5-(A4 A6) A)(A2-A3) /Al 17) Which of the following combinations of changes would result in the net profit margin increasing by approximately 10%? A) Sales-2%; Net income + 12% C) Net income + 7%; Sales + 3% B) Net income + 5%; Sales-5% D) Sales +5%; Net income + 2% 18) When a firm's accounts receivable goes up, this is the result of making or extending a short-term loan and serves as aof funds for the firm. suppliers use B) suppliers; source C) the firm; use D) customers; source 19) Which of the statements below describes the correct capital budgeting decision rule? A) Accept a project if the NPV is greater than the IRR Reject a project if the cost of capital exceeds the IRR Accept a project if the cost of capital is greater than the NPV. D) Reject a project if the cost of capital is less than the NPV

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