Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

: The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,440 and current liabilities of $770. The 2009 balance sheet showed current

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

: The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,440 and current liabilities of $770. The 2009 balance sheet showed current assets of $1,690 and current liabilities of $1,030. What was the company's 2009 change in net working capital, or NWC? Multiple Choice $-100 $510 $250 $-510 $-10 The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.95 million, and the 2009 balance sheet showed long-term debt of $3.45 million. The 2009 income statement showed an interest expense of $250,000. What was the firm's cash : flow to creditors during 2009? Multiple Choice $-250,500 $500,250 $-249,500 $-250,000 $500,000 The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.4 million, and the 2009 balance sheet showed long-term debt of $3.55 million. The 2009 income statement showed an interest expense of $260,000. What was the firm's cash flow to creditors during 2009? Multiple Choice $-890,000 $-261,150 $1,150,260 $-258,850 $1,150,000 Penguin Pucks, Inc., has current assets of $5,100, net fixed assets of $23,800, current liabilities of $4,300, and long-term debt of $7,400. (a)What is the value of the shareholders' equity account for this firm? (Click to select) (b)How much is net working capital? (Click to select) Penguin Pucks, Inc., has current assets of $3,500, net fixed assets of $20,500, current liabilities of $3,000, and long-term debt of $7,800. (a)What is the value of the shareholders' equity account for this firm? (Click to select) (b)How much is net working capital? Click to select) The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $920,000 in the common stock account and $6.05 million in the additional paid-in surplus account. The 2009 : balance sheet showed $885,000 and $8.55 million in the same two accounts, respectively. If the company paid out $680,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Multiple Choice $240,000 $8,755,000 $1,785,000 $-1,785,000 $205,000 The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $910,000 in the common stock account and $6.5 million in the additional paid-in surplus account. The 2009 balance sheet showed $925,000 and $8.2 million in the same two accounts, respectively. If the company paid out $540,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Multiple Choice 1 0 $1,175,000 0 $-1,175,000 0 $8,585,000 0 $385,000 0 $370,000 Papa Roach Exterminators, Inc., has sales of $699,000, costs of $375,000, depreciation expense of $44,000, interest expense of $32,000, and a tax rate of 35 percent. The firm paid out $101,000 in cash dividends, and has 35,000 shares of common stock outstanding. (a)What is the earnings per share, or EPS, figure? (Click to select) (b)What is the dividends per share figure? (Click to select)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Theory And Practice

Authors: Jerry R. Strawser, Robert H. Strawser, Roger H. Hermanson

9th Edition

0873939336, 9780873939331

More Books

Students also viewed these Accounting questions

Question

1. Discuss the main incentives for individual employees.pg 87

Answered: 1 week ago