Chose the best answer for each multiple choice question Please use the following financial statements for questions 1 and 2. ABC Corp Balance Sheet($ in thousands) Income Statement is in thousands) as of 12/31/14 as of 12/31/17 as of 12/31/14 as of 12/31/17 12 Months Ended 12331/12 Assets Liabilities Sales cort Cost of Goods Sold (COGS) Cash Accounts Receiveable Inventory 14,000 5,656 2.150 1.250 1.975 650 1,569 2.000 2.250 600 Accounts Payable Accrued Expenses 1.950 550 Gross Profit 8,344 Current Assets 5,879 4,219 Current Liabilities 2.850 2.500 l Operating Expenses TI Wages and Benefits Research and Development 8,025 General and Administrative 22511 Income form Operations 2.400 1,300 500 Property Plan and Equipment Other Long-term Assets 19,006 450 18,000 1,081 Long-term Debt lehem Other Non-current Labrities 7.750 250 4,144 Total Assets 25,331 23,300 Total Liabilities 10.850 750 3,394 Common Stock (1,500,000 shares outstanding) Retained Eamines Total Shareholders' Equity 4,050 10,431 14.451 10.750. Interest Expense 4,050 Pre tax Income 8.500 12,550 Income tax Expense TI 23 300 Net Income 713 Total Liabilities and Shareholders' Equity 25,331 2,681 1. By what amount did working capital change from 2017 to 2018! II Dividends 750 A S1.306.000 B. $1.306.000 C. $3,025,000 D. $3,025,000 E $1.719,000 LLL 2 2. Which of the following is true about ABC Corp.? I. Leverage decreased during 2018 II. Leverage increased during 2018 III. The company paid So share individends in 2018 IV. EPS for the cominy was 0.0018 share in 2018 Chose the best answer for each multiple choice question Please use the following financial statements for questions 1 and 2. ABC Corp Balance Sheet($ in thousands) Income Statement is in thousands) as of 12/31/14 as of 12/31/17 as of 12/31/14 as of 12/31/17 12 Months Ended 12331/12 Assets Liabilities Sales cort Cost of Goods Sold (COGS) Cash Accounts Receiveable Inventory 14,000 5,656 2.150 1.250 1.975 650 1,569 2.000 2.250 600 Accounts Payable Accrued Expenses 1.950 550 Gross Profit 8,344 Current Assets 5,879 4,219 Current Liabilities 2.850 2.500 l Operating Expenses TI Wages and Benefits Research and Development 8,025 General and Administrative 22511 Income form Operations 2.400 1,300 500 Property Plan and Equipment Other Long-term Assets 19,006 450 18,000 1,081 Long-term Debt lehem Other Non-current Labrities 7.750 250 4,144 Total Assets 25,331 23,300 Total Liabilities 10.850 750 3,394 Common Stock (1,500,000 shares outstanding) Retained Eamines Total Shareholders' Equity 4,050 10,431 14.451 10.750. Interest Expense 4,050 Pre tax Income 8.500 12,550 Income tax Expense TI 23 300 Net Income 713 Total Liabilities and Shareholders' Equity 25,331 2,681 1. By what amount did working capital change from 2017 to 2018! II Dividends 750 A S1.306.000 B. $1.306.000 C. $3,025,000 D. $3,025,000 E $1.719,000 LLL 2 2. Which of the following is true about ABC Corp.? I. Leverage decreased during 2018 II. Leverage increased during 2018 III. The company paid So share individends in 2018 IV. EPS for the cominy was 0.0018 share in 2018
