Use the Leno Co. financial data given below to answer the following 3 questions: Ratios Total Assets Turnover Fixed Assets Turnover DSO (Year is 360 days) Quick Ratio Return on Assets Value 0.6 5 12 3 8% Total Assets Total liabilities and equity Cash $ 2,000 Accounts payable ?? A/R ?? Long-term debt $ 4,000 Inventories ?? Common equity ?? Fixed Assets ?? Retained Earnings $ 1,750 Total Assets $ 20,000 Total liabilities and equity ?? Sales ?? 17. What is the sales level? (use the financial data above) O $ 12,000 O $2,600 O $ 4,000 O $1,600 None of the above 18. What is the inventory level? (use the financial data above) O $15,200 O $ 12,300 $5,160 O $5,750 None of the above 19. What is the value of Accounts Payable? (use the financial data above) O $ 408 O $ 800 O $ $ 2,375 0 - $ 3,800 None of the above 20. Black Barn Company recently reported (in millions) $7.500 of sales. $5.260 of operating costs other than depreciation, and $550 of depreciation. The company had $4,200 of outstanding bonds that carry a 5% interest rate. What was its federal-plus-state income tax rate if the company generated a net income of 962$? 30% 40% 5099 None of the above 5. In 2016, Foolad Company had cash flow from investing activities of (- $110,000), and cash flow from financing activities of (+$60,000). During 2016, Foolad had the following cash flows from operating activities: EBT = $128,333.33: Tax rate = 40%; Depreciation and Amortization = $10,000 : Accounts payable increased by $45,000: Inventories increased by $10,000. If the cash balance of Foolad at the end of year 2015 was $10,000. Calculate the cash balance at the end of year 2016. O $ 82,000 O $ 72,000 O $ 62,000 $ 42,000 O None of the above 6. During 2020, LSP Corporation had EBIT of $900,000, a change in net fixed assets of $400,000, a change in NWC of $100,000, a depreciation expense of $100.000, and a tax rate of 30%. Based on this information, Calculate LSP free cash flow. O $ 630,000 O $ 130,000 O $ 180,000 O S 830,000 None of the above 2006 and 7. PLI Corporation had net fixed assets of $2,000,000 at the end of 2006 and $1,500,000 at the end of 2005. In addition, the firm had a depreciation expense of $500,000 during 2006. Using this information, how much was PLI's net fixed asset investment for 2006? * O $ 700,000 O $ 400,000 OS 500,000 O $ 1,000,000 O None of the above rted $450,000 of sales during the year 2016. The company 8. LSP recently reported $450,000 of sales during the year 2016. The company had $40,000 of outstanding bonds carrying 10% interest rate. Operating costs were $200.000 other than depreciation, and the firm was facing $34,000 as depreciation. Noting that the federal-plus-state income tax rate was 40%. What is the firm's net income at the end of the year 2016? $ 127,200 $ 155,200 O $ 123,200 O $ 217,200 O None of the above 9. Assume that icon Co. 2014 current assets totaled for $80,000, they paid out ng in the form of account payable and $8.000 as accruals and $10,000 in 12. CIC Co. has $64,000 of net cash at the end of year 2019. The cash flow from investing activities is $-52,000. The Company borrowed a long term loan of 50,000. If the accounts receivable increased by $49,000 and the accounts payable increased by $61,000, and the depreciation is $12,000, what is the company's net income? O $43,500 O $42,000 $66.000 O $54,000 O None of the above Use the LSP Co. Income statement given below to answer the following 3 cuestions: 20. Black Barn Company recently reported (in millions) $7,500 of sales, $5,260 of operating costs other than depreciation, and $550 of depreciation. The company had $4,200 of outstanding bonds that carry a 5% interest rate. What was its federal-plus-state income tax rate if the company generated a net income of 962$? O 30% O 35% O 40% O 50% O None of the above