Question 1

10 out of 10 points

The following amounts have been taken from the recent financial statements for Sammie Enterprises:

Current liabilities	Cash from operations	Expenditures on PPE	Dividends (cash)
$890,000	$2,050,000	$500,000	$130,000

Which of the following amounts is the free cash flow for Sammie Industries?

Question 2

10 out of 10 points

	Which of the following is not a category for classifying cash flows in a statement of cash flows?

Question 3

10 out of 10 points

	Kroger's 2012 balance sheet shows average shareholders' equity of $4,632 million, net income of $602 million, and common shares issued of $959 million. The company has no preferred shares issued. Kroger's return on common equity for the year is:

Question 4

10 out of 10 points

	To qualify as a cash equivalent, an investment must:

Question 5

0 out of 10 points

	A firm's cash flows from investing activities include:

Question 6

0 out of 10 points

	Which one of the following is not true concerning return on net operating assets?

Question 7

0 out of 10 points

The following amounts have been taken from the recent financial statements for Sirius Industries:

Current Liabilities (1/1/2013)	Current Liabilities (12/31/2013)	Cash from Operations	Expenditures on PPE
$1,240,000	$1,300,000	$2,660,000	$560,000

To the closest hundredth, which of the following amounts is Sirius's operating cash flow to current liabilities ratio?

Question 8

0 out of 10 points

	With reference to the reporting of net cash flow from operating activities, which method do most companies use and why?

Question 9

10 out of 10 points

	Kroger's 2012 financial statements show total operating assets of $22,502 million, average total operating liabilities of $11,345 million, and net income totaling $602 million. How much are Kroger's net operating assets (NOA) for the year?

Question 10

10 out of 10 points

	In a statement of cash flows, interest paid to creditors is classified as a cash flow from: