Your firm has the following income statement items: sales of $$50,250,000$; income tax of $$1,744,000$; operating expenses of $$8,750,000$; cost of goods sold of $$35,025,000$; and interest expense of $$750,000.$ What is the amount of the firm's net income?

A$)$ $$255,223$

B$)$ $$4,731,000$

C$)$ $$2,616,000$

D$)$ $$7,775,000$

What are the $3$ classifies statements of cash flows?

Which of the following best represents operating income?

A$)$ Income after financing activities

B$)$ Earnings before interest and taxes

C$)$ Income from capital gains

D$)$ Income from discontinued operations

Which of the following is NOT a current asset?

A$)$ Accounts payable

B$)$ Cash

C$)$ Accounts receivable

D$)$ Inventory

Your firm has the following balance sheet statement items: total current liabilities of $$805,000$; total assets of $$2,655,000$; fixed and other assets of $$1,770,000$; and long$-$term debt of $$200,000.$ What is the amount of the firm's total current assets?

A$)$ $$885,000$

B$)$ $$1,550,000$

C$)$ $$600,000$

D$)$ $$325,000$

Which of the following would NOT be included as a liability in a corporate balance sheet?

A$)$ Notes payable

B$)$ Accounts payable

C$)$ Bonds

D$)$ Accumulated Depreciation

Which of the following does NOT represent cash outflows to the firm?

A$)$ Taxes

B$)$ Interest payments

C$)$ Dividends

D$)$ Depreciation

Operating cash flow will increase with a decrease in

A$)$ inventories.

$3$