5. Crandall Oil has total sales of $1,220 and costs of $665. Depreciation is $151 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?

6,

Sankey, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,900.(Do not round intermediate calculations.)

What is the value of the shareholders' equity account for this firm?

Shareholders' equity

$

How much is net working capital?

Net working capital

$

7.

Sankey, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,900.(Do not round intermediate calculations.)

What is the value of the shareholders' equity account for this firm?

Shareholders' equity

$

How much is net working capital?

Net working capital

$

8.

Sankey, Inc., has current assets of $5,000, net fixed assets of $23,000, current liabilities of $3,500, and long-term debt of $7,900.(Do not round intermediate calculations.)

What is the value of the shareholders' equity account for this firm?

Shareholders' equity

$

How much is net working capital?

Net working capital

$

10.The current ratio is measured as:

cash on hand divided by current liabilities.current assets minus current liabilities.current liabilities minus inventory, divided by current assets.current assets divided by current liabilities.current liabilities divided by current assets

15.A firm has total debt of $1,450 and a debt-equity ratio of .32. What is the value of the total assets? $1,914 $3,200 $5,981 $4,531 $4,650

16. A firm has a debt-equity ratio of .38. What is the total debt ratio? .39 .61 1.63 1.38 .28 22.Al's Sport Store has sales of $3,000, costs of goods sold of $2,070, inventory of $504, and accounts receivable of $416. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit? 61.3 88.9 87.7 111.8 106.5

23.

Galaxy United, Inc. 2009 Income Statement ($ in millions)
Net sales	$8,500
Less: Cost of goods sold	7,180
Less: Depreciation	400
Earnings before interest and taxes	920
Less: Interest paid	81
Taxable Income	839
Less: Taxes	294
Net income	$ 545

Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions)
	2008	2009			2008	2009
Cash	$ 110	$ 160		Accounts payable	$1,110	$1,140
Accounts rec.	930	770		Long-term debt	970	1,246
Inventory	1,490	1,530		Common stock	$3,130	$2,930
Sub-total	$2,530	$2,460		Retained earnings	510	754
Net fixed assets	3,190	3,610
Total assets	$5,720	$6,070		Total liab. & equity	$5,720	$6,070

What is the return on equity for 2009?

rev: 01_14_2016_QC_CS-37830

16 percent15 percent10 percent18 percent13 percent

24.

If Wilkinson, Inc., has an equity multiplier of 1.49, total asset turnover of 1.5, and a profit margin of 5.9 percent, what is its ROE?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)