1. Use the following to answer 3 8.

Category	2010	2011
Accounts payable	200	275
Accounts receivable	400	600
Accruals	250	225
Cash	?	?
COGS	600	650
Common stock	2,500	4,000
Depreciation expense	10	60
Interest expense	70	90
Inventories	1,300	1,250
Long-term debt	2,000	1,700
Net fixed assets	5,950	7,150
Notes payable	200	400
Operating expenses (excl. depr.)	80	110
Retained earnings	2,600	2,750
Sales	1,200	1,520
Taxes	95	120

The 2011 Cash was $________. a. 190

b. 250 c. 290 d. 350 e. 470

Net Income for 2011 was $______. a. 410 b. 420 c. 480 d. 490 e. 550

Dividends paid in 2011 were $_____. a. 270 b. 340 c. 500 d. 570 e. 640

1. IfAccumulatedDepreciationwas$1,210in2010,thenitwas$_______in2011.a.1,150b.1,160c.1,200d.1,270e.1,280
2. On a common-sized Income Statement, COGS in 2011 would be ______%. a. 8.4 b. 10.4 c. 12.4 d. 42.8 e. 44.8

Please provide short explanation.