Practice Quiz 1

Use the following information to answer questions 1 through 5.

Balance Sheet

2009 2010 2009 2010

Cash $ 3,300 $ 2,700 Accounts payable $ 9,600 $12,900

Accounts receivable 8,100 9,600 Long-term debt 17,800 23,400

Inventory 13,500 14,800 Preferred stock 10,000 10,000

Common stock 12,000 14,000

Net fixed assets 46,900 47,100 Retained earnings 22,400 13,900

Total assets $71,800 $74,200 Total liabilities and equity $71,800 $74,200

Income Statement, 2010

Net Sales $73,500

Costs 48,600

Depreciation 6,300

EBIT 18,600

Interest 1,700

Taxable income 16,900

Taxes 5,800

Net Income $11,100

No. of common shares outstanding = 10,000

Preferred dividends paid = $ 500

1. What is the amount of the non-cash expenses for 2010?

2. What is the book value per share for 2010?

3. What is the change in net working capital for 2010?

4. What is the earnings per share for 2010?

5. What is the debt ratio for 2010?