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Your firm has net income of $357 on total sales of $1,380 Costs are $760 and depreciation is $110. The tax rate is 30 percent.

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Your firm has net income of $357 on total sales of $1,380 Costs are $760 and depreciation is $110. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow? A) $357 B) 5867 C) 5467 D) $620 E) $S10 5) A firm has common stock of 395, paid-in surplus of $320, total liabilities of $435, current assets of $440, and net fixed assets of $650 What is the amount of the shareholders' equity? A) $215 B) $850 C) 5655 D) SS55 E) $1.090 6) At the beginning of the year, Shinedown, Corp. had a long-term debt balance of $47,130 During the year, the company repaid a long-term loan in the amount of $13,155. The company paid $5,080 in interest during the year, and opened a new long-term loan for $11,580 How much is the ending long-term debt account on the company's balance sheet? A) $6,655 B) $48,705 C) $53,630 D) $45,555 E) $50,635

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