Question
Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable
Miracle Company purchased treasury stock with a cost of $15,000 during 2013. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $866,000. Cash flows from financing activities for 2013 total
A. | $846,000 net cash inflow. | |
B. | $831,000 net cash inflow. | |
C. | $861,000 net cash inflow. | |
D. | $866,000 net cash outflow. |
n Garland Company, land decreased $140,000 because of a cash sale for $140,000, the equipment account increased $40,000 as a result of a cash purchase, and Bonds Payable increased $130,000 from issuance for cash at face value. The net cash provided by investing activities is
A. | $100,000. | |
B. | $110,000. | |
C. | $140,000. | |
D. | $230,000. |
Stout Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2012. The weighted average number of shares outstanding in 2012 was 50,000 shares. Stout Corporation's common stock is selling for $60 per share on the New York Stock Exchange. Stout Corporation's payout ratio for 2012 is
A. | 20%. | |
B. | $4 per share. | |
C. | 12.5%. | |
D. | 25%. |
Which one of the following ratios would not likely be used by a short-term creditor in evaluating whether to sell on credit to a company?
A. | Receivables turnover | |
B. | Acid-test ratio | |
C. | Current ratio | |
D. | Asset turnover |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started