Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 1 (1 point) The 2019 balance sheet of Dyrdek's Skate Shop Inc. showed $570,000 in the common stock account and $2.4 million in the
Question 1 (1 point) The 2019 balance sheet of Dyrdek's Skate Shop Inc. showed $570,000 in the common stock account and $2.4 million in the additional paid-in surplus account. The 2020 balance sheet showed $610,000 and $2.8 million in the same two accounts, respectively. If the company paid out $515,000 in cash dividends during 2020, what was cash flow to stockholders for the year? $915,000 $75,000 $155,000 $475,000 Question 2 (1 point) At the beginning of the year, long-term debt of a firm is $270 and total liabilities is $320. At the end of the year, long-term debt is $250 and total liabilities is $330. Interest paid is $16. What is cash flow to creditors? $26 $36 $6 -$4 Question 3 (1 point) The liquidity ratio most likely to have the lowest value is the current ratio the quick ratio total asset turnover the cash ratio
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