Question
Please help me with this! 3. Assume that Icon Co. 2014 current assets totaled for $80,000, they paid out $32,000 in the form of account
Please help me with this!
3. Assume that Icon Co. 2014 current assets totaled for $80,000, they paid out $32,000 in the form of account payable and $8,000 as accruals and $10,000 in notes payable and in 2015 they had a NWC of $40,000. Calculate the change in net working capital. *
a) $ 40,000
b) $ 0
c) $ 30,000
d) $ 50,000
e) None of the above
4. PLI Corporation had net fixed assets of $2,500,000 at the end of 2006 and $1,800,000 at the end of 2005. In addition, the firm had a depreciation expense of $300,000 during 2006. Using this information, how much was PLI's net fixed asset investment for 2006? *
a) $ 1,000,000
b) $ 700,000
c) $ 400,000
d) $ 380,000
e) None of the above
11. During 2008, Bakery Company paid out $100,000 of common dividends. It ended the year with $300,000 of retained earnings versus the prior years retained earnings of $200,000. How much net income did the firm earn during the year? *
a) $ 200,000
b) $ 400,000
c) $ 600,000
d) $ 500,000
e) None of the above
12. For the year ended December 31, 2008, a corporation had cash flow from operating activities of $20,000, cash flow from investing activities of $60,000, and cash flow from financing activities of $20,000. What is the net cash flow during the year ? *
a) $20,000
b) $40,000
c) $100,000
d) $120,000
e)None of the above
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