What does a positive cash flow to creditors (CFC) indicate? a) The firm must have a positive cash flow to stockholders (CFS). b) The firm paid interest to creditors in an amount that exceed net new borrowing. c) The firm borrowed more than they paid out to creditors. d) The firm had a negative cash flow from assets (CFFA). e) The firm had a positive cash flow from assets (CFFA). Main St. Industrial Supply recently reported sales of $394,725 and costs (excluding depreciation) of $281,250. The firm's depreciation for the year is $12,000 and interest expenses totaled another $8,000. If the tax rate is 21%, what is the firm's net income? a) $40,013.50 b) $69,409.40 c) $50,362.50 d) $73,845.25 e) $58,262.50 ABC Industrial Supply recently reported sales of $81,700. The firm has costs totaling $66,900 (excluding depreciation). Depreciation is $8,300 and the tax rate is 21%. The firm is debt free has does not have any interest expense currently. What is the firm's operating cash flow (OCF)? a) $11,065 b) $14,146 c) $12,070 d) $13,435 O e) $17,306 Refer to the financial statement information below for Doogie's Doggie Treats. If you common-sized the firm's financial statements for the noted year, what would be the firm's common-size percentage for long-term debt? Doogie's Doggie Treats Balance Sheet For Year Ending 20xx $ Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets $ $ $ 30,000 90,000 110,000 230,000 380,000 610,000 Total Current Liabilities $ Long-term Debt $ Total Debt $ Common Stock $ Retained Earnings $ Total Liabilities and Shareholders' Equity $ 190,000 280,000 470,000 40,000 100,000 610,000 $ $ Selected Market and Income Statement Data Sales Net Income Dividends Paid $ 800,000 $ 40,000 $ 20,000 Common Shares Outstanding Common Shares Authorized Share Price 500,000 250,000 2.10 a) 31.15% Ob) 45.90%