Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Use the following Lowell Inc. information for Questions 1 to 1 3 . Lowell Inc. 2 0 0 5 2 0 0 6 Sales $

Use the following Lowell Inc. information for Questions 1 to 13.
Lowell Inc. 20052006
Sales $3,500 $4,200
Cost of Goods Sold 1,8502,190
Interest 310320
Selling, General and Administrative Expense 200210
Dividends 144196
Depreciation 320360
Cash 445206
Receivables 290350
Current liabilities 1,1001,250
Inventory 1,1661,090
Long-term debt 5,6934,200
Net fixed assets 8,0007,500
Tax rate 30%30%
How much did Lowell Inc. (LI) pay in taxes for 2005?
A.
$112
B.
$194
C.
$336
D.
$246
E.
$135
6 points
QUESTION 2
What is the earnings before interest and taxes (EBIT) for 2006?
A.
$1,780
B.
$1,130
C.
$1,660
D.
$1,440
E.
$1,012
6 points
QUESTION 3
What is net income for 2006?
A.
$158
B.
$660
C.
$574
D.
$112
E.
$784
6 points
QUESTION 4
What is operating cash flow for 2006?
A.
$1,072
B.
$1,800
C.
$1,662
D.
$1,464
E.
$ 809
6 points
QUESTION 5
What is net working capital for 2006?
A.
$ 396
B.
$ 519
C.
$1,060
D.
$ 607
E.
$ 473
6 points
QUESTION 6
What is net capital spending for 2006?
A.
$ 30
B.
$ 10
C.
$500
D.
$140
E.
$330
6 points
QUESTION 7
What is cash flow from assets for 2006?
A.
$1,072
B.
$2,009
C.
$1,662
D.
$ 908
E.
$1,464
6 points
QUESTION 8
What is the LIs quick ratio for 2006?
A.
0.67
B.
1.62
C.
1.16
D.
0.44
E.
0.79
6 points
QUESTION 9
What is the LIs total debt ratio for 2006?
A.
0.67
B.
1.62
C.
0.60
D.
1.16
E.
0.44
6 points
QUESTION 10
What is the LIs times interest earned ratio for 2006?
A.
3.65 times
B.
4.50 times
C.
6.50 times
D.
2.57 times
E.
1.52 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago