USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS 19 24 (Assume all account figures are in dollars)

	2014	2015
Accounts payable	440	380
accounts receivable, net	1,810	12,040
Accruals	95	120
cash	120	100
capital surplus	1,120	1,290
common stock	1,000	1,100
Cost of goods sold	6,610	6,420
Depreciation expense	1,550	1,650
Interest expense Inventory (end of year)	140	170
Inventory (end of year)	5,720	5,530
Long-term-debt	3,890	4,150
Net fixed assets	7,530	8,050
net sales	10,750	11,050
notes payable	800	740
operating expense (excluding depreciation)	1,680	1,780
retained orning	7,835	7,940
Taxes	250	360

19. This companys operating profit margin (as a percent rounded to 1 decimal place) in 2014 was ________. 20. The total asset turnover ratio for this company in 2015 = _______. 21. ROE for 2015 is _____%. 22. Cash flow from operating activities in 2015 is $ _______. 23. Cash flow from investing activities in 2015 is $ _________. 24. Cash flow from financing activities in 2015 is $ _________.

USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS

Mellon CompanyBalance SheetFor the Years Ending December 31, 2010 and 2011(All figures in dollars)

	2010	2011
Cash	1,500	1,820
Account receivable	3,740	3,980
Inventory	10,120	8,470
Total current assets	15,360	14,270
Gross fixed assets	56,100	63,840
(Accumulated depreciation)	(9,590)	(11,000)
Net fixed assets	46,510	52,840
Total assets	61,870	67,110
Notes payable	1,000	1,000
Accounts payable	2,260	4,150
Accruals	1,570	1,640
Current portion of LT debt	470	1,730
Total current liabilities	5,300	8,520
Lont-term debt	37,750	34,790
Common stock	1,000	1,500
Paid in capital	4,800	9,460
Retained earnings	13,020	12,840
Total liabilities and equity	61,870	67,110
Additional Data from 2011 Income Statement:
Sales in 2011		238,000
Net income in 2011		9,940
Nothing goes here made one row to many

25. Calculate the Cash flows from operating activities for 2011. 26. Calculate the Cash flows from investing activities for 2011. 27. Calculate the Cash flows from financing activities for 2011

USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30

Sales	2,000,000
Gross profit margin	20%
Inventory turnover ratio (Cost of goods sold/Inventory)	25
Net profit margin	4%
Average collection period	45
Return on equity	25%
Accumulated depreciation	75,000
Return on assets	12.5%
Accounts Payable days	18
Notes Payable	18,000
Gross fixed assets	400,000
Percent of sales on credit (remainder are cash sales)	80%
NOTE: Assume a 360 day year for all ratios, etc.

Assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 28, 29 and 30. Cash ____________ Notes payable ____________ Accounts receivable ____________ Accounts payable ____________ Inventory ____________ Long-term debt ____________ Gross fixed assets ____________ Equity ____________ (Accumulated depreciation) ____________ Total liab & equity ____________ Net fixed assets ____________ Total assets ____________

28. Cash = ____________. 29. Long-term debt = ____________. 30. Total assets =____________.