Question
1.Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.7 million, and the 2018 balance sheet showed net fixed assets of $5.8 million.
1.Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.7 million, and the 2018 balance sheet showed net fixed assets of $5.8 million. The companys 2018 income statement showed a depreciation expense of $245,000. 2.What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) 3.if Roten Rooters, Inc., has an equity multiplier of 1.37, total asset turnover of 1.57, and a profit margin of 4 percent, what is its ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 4.Wims, Inc., has current assets of $7,986, net fixed assets of $25,551, current liabilities of $2,819, and long-term debt of $11,000. What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.) 5.Griffin's Goat Farm, Inc., has sales of $686,000, costs of $345,000, depreciation expense of $76,000, interest expense of $48,500, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.) 6. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5 million, and the 2018 balance sheet showed long-term debt of $5.2 million. The 2018 income statement showed an interest expense of $165,000. During 2018, the company had a cash flow to stockholders for the year was $70,000. Suppose you also know that the firms net capital spending for 2018 was $1,370,000, and that the firm reduced its net working capital investment by $69,000. What was the firms 2018 operating cash flow, or OCF? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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