Use the LSP Co. income statement given below to answer the following 3 questions:

13 . Calculate the firms operating income (EBIT) for the year 2010: * $ 200,000 $ 300,000 $ 120,000 $ 400,000 None of the above 14. LSP reported a decrease in net fixed assets from $150,000 at the end of the year 2009 to $100,000 at the end of the year 2010. What is the capital expenditure? (Use the income statement above) * $ 50,000 $ 0 $ 100,000 $150,000 None of the above 15. If LSP company reported a change in net working capital of $0, what would be its FCF? (Use the income statement above) * $ 0 $ 170,000 $ 400,000 $ 230,000 None of the above

2)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 companys net income? * $43,500 $42,000 $66,000 $54,000 None of the above

3)During 2008, Bakery Company paid out $12,000 of common dividends. It ended the year with $50,000 of retained earnings versus the prior years retained earnings of $42,000. How much net income did the firm earn during the year? * $ 62,000 $ 20,000 $ 104,000 $ 50,000 None of the above