16 Hillman Corporation reported current assets of$3,500,000for the year ending December31,2016and current assets of$3,000,000for the year ending December31,2015 Current liabilities for the firm were$2,500,000and$2,750,000at the end of2016and2015,respectively Compute the cash flows to working capital(CFNWC)at Hillman Corporation during2016(ENTERAS APOSITIVENUMBER) 5 points QUESTION 17 Nimitz Rental Company provided the following information to its auditors For the year ended March 31, 2016, the company had revenues of $875,000, general and administrative expenses of $350,000, depreciation expenses of $130,500, other expenses of $119,500, and interest expenses equal to $75,000 If the companys tax rate was 35 percent, what is its net income after taxes 5 points QUESTION 18 Columbia Construction Company earned $450,000 during the year ended June 30, 2016 After paying out $225,000 in dividends, the balance went into retained earnings If the firms total retained earnings were $845,000, what was the retained earnings on its balance sheet at the beginning of the year 5 points QUESTION 19 Tim Dye, the CFO of Blackwell Automotive, Inc , is putting together this years financial statements He has gathered the following information The firm had a cash balance of $23,500, accounts payable of $160,000, common stock of $310,000, retained earnings of $550,500, inventory of $215,000, other assets equal to $75,000, net plant and equipment of $755,000, and short term notes payable of $20,000 It also has accounts receivables of $145,250 and other current assets of $10,000 How much long term debt does Blackwell Automotive have 5 points QUESTION 20 Suppose you start your own corporation when you are25years old and you work there until you retire40years later How many years' worth of your profits are takenby the US Government if the federal corporate income tax rate is30percent

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Hillman Corporation reported current assets of$3,500,000for the year ending December31,2016and current assets of$3,000,000for the year ending December31,2015.Current liabilities for the firm were$2,500,000and$2,750,000at the end of2016and2015,respectively.Compute the cash flows to working capital(CFNWC)at Hillman Corporation during2016(ENTERAS APOSITIVENUMBER).

5 points

QUESTION 17

Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2016, the company had revenues of $875,000, general and administrative expenses of $350,000, depreciation expenses of $130,500, other expenses of $119,500, and interest expenses equal to $75,000. If the companys tax rate was 35 percent, what is its net income after taxes?

5 points

QUESTION 18

Columbia Construction Company earned $450,000 during the year ended June 30, 2016. After paying out $225,000 in dividends, the balance went into retained earnings. If the firms total retained earnings were $845,000, what was the retained earnings on its balance sheet at the beginning of the year?

5 points

QUESTION 19

Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this years financial statements. He has gathered the following information. The firm had a cash balance of $23,500, accounts payable of $160,000, common stock of $310,000, retained earnings of $550,500, inventory of $215,000, other assets equal to $75,000, net plant and equipment of $755,000, and short-term notes payable of $20,000. It also has accounts receivables of $145,250 and other current assets of $10,000. How much long-term debt does Blackwell Automotive have?

5 points

QUESTION 20

Suppose you start your own corporation when you are25years old and you work there until you retire40years later.How many years' worth of your profits are takenby the US Government if the federal corporate income tax rate is30percent?