CIC Co. has $64,000 of net cash at the end of year 2019. The cash flow from investing activities is $-52,000. The Company borrowed a long term loan of 50,000. If the accounts receivable increased by $49,000 and the accounts payable increased by $61,000, and the depreciation is $12,000, what is the companys net income? *

$43,500

$42,000

$66,000

$54,000

None of the above

In 2016, Foolad Company had cash flow from investing activities of (- $110,000), and cash flow from financing activities of (+$60,000). During 2016, Foolad had the following cash flows from operating activities: EBT = $128,333.33 ; Tax rate = 40% ; Depreciation and Amortization = $10,000 ; Accounts payable increased by $45,000 ; Inventories increased by $10,000. If the cash balance of Foolad at the end of year 2015 was $10,000. Calculate the cash balance at the end of year 2016. *

$ 82,000

$ 72,000

$ 62,000

$ 42,000

TSE co. has current liabilities of $365,000, a quick ratio of 0.85, inventory turnover of 5.8, and a current ratio of 1.4. What is the sales level for the company? *

$1,164,350

$2,187,330

$1,111,396

$0

None of the above