1. - A. B. C. D. E. F. G.	Balance sheet identity
   - A. B. C. D. E. F. G.	Net working capital
   - A. B. C. D. E. F. G.	Income statement equation
   - A. B. C. D. E. F. G.	CFOA
   - A. B. C. D. E. F. G.	CFNWC
   - A. B. C. D. E. F. G.	CFLTA
   - A. B. C. D. E. F. G.	CFI

   A.	Total current assets - Total current liabilities
   B.	Net income = Revenues - Expenses
   C.	CFOA - CFNWC - CFLTA
   D.	Total assets = Total liabilities + Total stockholder's equity
   E.	NWCcurrent period- NWCprevious period
   F.	EBIT - Current taxes + Noncash expenses
   G.	Long-term assetscurrent period- Long-term assetsprevious period

5 points

QUESTION 14

1. Diaz Manufacturing, Inc. reports EBIT of $168,000, current taxes of $44,000, and depreciation and amortization of $83,000. What is their cash flow from operating activities (CFOA)?

5 points

QUESTION 15

1. Laurel Electronics reported the following information at its annual meeting.The company had cash and marketable securities worth$1,235,000,accounts payable worth$10,500,000,inventory of$7,500,000,accounts receivable of$3,400,500,notes payable worth$1,260,500,and other current assets of$125,000.What is the companys net working capital?

5 points

QUESTION 16

1. 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

1. 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

1. 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

1. 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

1. 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?