| 15.4. A company's Inventory balance at 12/31/13 was $205,100 and $219,000 at 12/31/12. Its Accounts Payable balance at 12/31/13 was $103,000 and $97,100 at 12/31/12, and its cost of goods sold for 2013 was $739,000. The company's total amount of cash payments for merchandise in 2013 equals: | | $719,200. | | $747,000. | | $758,800. | | $731,000. | | $739,000. Net income | $ 16,353 | Net sales | 716,855 | Total liabilities, beginning-year | 87,932 | Total liabilities, end-of-year | 107,201 | Total stockholders' equity, beginning-year | 202,935 | Total stockholders' equity, end-of-year | 127,851 | The return on total assets is (Do not round intermediate calculations.): | | 6.22%. | | 3.05%. | | 2.46%. | | 2.73%. | | 2.28%. Stojko Corporation had a net decrease in cash of $15,000 for the current year. Net cash used in investing activities was $57,000 and net cash used in financing activities was $43,000. What amount of cash was provided (used) in operating activities? | | $(15,000) used. | | $(115,000) used. | | $(85,000) used. | | $115,000 provided. | | $85,000 provided. Hampton Company reports the following information for its recent calendar year. | | | | | Sales | $ | 77,000 | | Expenses | | | | Cost of goods sold | | 37,000 | | Salaries expense | | 12,000 | | Depreciation expense | | 5,000 | | | | | | Net income | $ | 23,000 | | | | | | Accounts receivable increase | $ | 5,000 | | Inventory decrease | | 3,000 | | Salaries payable increase | | 1,000 | | | Required: | Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) | A company reports basic earnings per share of $4.20, cash dividends per share of $1.10, and a market price per share of $65.10. The company's dividend yield equals: | | 6.45%. | | 15.50%. | | 1.69%. | | 2.62%. | | 3.82%. Selected comparative financial statements of Korbin Company follow: | | KORBIN COMPANY | Comparative Income Statements | For Years Ended December 31, 2014, 2013, and 2012 | | | | 2014 | | | | 2013 | | | | 2012 | | Sales | | $ | 496,960 | | | $ | 380,712 | | | $ | 264,200 | | Cost of goods sold | | | 299,170 | | | | 240,229 | | | | 169,088 | | | | | | | | | | | | | | | Gross profit | | | 197,790 | | | | 140,483 | | | | 95,112 | | Selling expenses | | | 70,568 | | | | 52,538 | | | | 34,874 | | Administrative expenses | | | 44,726 | | | | 33,503 | | | | 21,929 | | | | | | | | | | | | | | | Total expenses | | | 115,294 | | | | 86,041 | | | | 56,803 | | | | | | | | | | | | | | | Income before taxes | | | 82,496 | | | | 54,442 | | | | 38,309 | | Income taxes | | | 15,344 | | | | 11,161 | | | | 7,777 | | | | | | | | | | | | | | | Net income | | $ | 67,152 | | | $ | 43,281 | | | $ | 30,532 | | | | | | | | | | | | | | | | KORBIN COMPANY | Comparative Balance Sheets | December 31, 2014, 2013, and 2012 | | | | 2014 | | | | 2013 | | | | 2012 | | Assets | | | | | | | | | | | | | Current assets | | $ | 53,973 | | | $ | 42,227 | | | $ | 56,448 | | Long-term investments | | | 0 | | | | 500 | | | | 3,990 | | Plant assets, net | | | 97,212 | | | | 104,079 | | | | 61,191 | | | | | | | | | | | | | | | Total assets | | $ | 151,185 | | | $ | 146,806 | | | $ | 121,629 | | | | | | | | | | | | | | | Liabilities and Equity | | | | | | | | | | | | | Current liabilities | | $ | 22,073 | | | $ | 21,874 | | | $ | 21,285 | | Common stock | | | 72,000 | | | | 72,000 | | | | 54,000 | | Other paid-in capital | | | 9,000 | | | | 9,000 | | | | 6,000 | | Retained earnings | | | 48,112 | | | | 43,932 | | | | 40,344 | | | | | | | | | | | | | | | Total liabilities and equity | | $ | 151,185 | | | $ | 146,806 | | | $ | 121,629 | | | | | | | | | | | | | | | Complete the below table to calculate income statement data in common-size percents. Complete the below table to calculate the balance sheet data in trend percents with 2012 as the base year | | | | a. | Equipment with a book value of $82,000 and an original cost of $164,000 was sold at a loss of $32,000. | b. | Paid $100,000 cash for a new truck. | c. | Sold land costing $315,000 for $415,000 cash, yielding a gain of $100,000. | d. | Long-term investments in stock were sold for $92,100 cash, yielding a gain of $16,250. | Use the above information to determine this company's cash flows from investing activities | | | |