Firms operating cash flow


Assignment:

1. A firm's dividend payments less any net new equity raised is referred to as the firm?

2. Which one of these is a correct definition

3. Sankey Inc. has current assets of $5,000,net fixed assets of$23,000,current liabilities of$3,500 and long term debt of $7,900

4. During 2015, Rainbow Umbrella Corp. had sales of $750,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $125,000, and $170,000, respectively. In addition, the company had an interest expense of $60,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

What is the company's net income for 2015?

5. Projected future financial statements are called

6. Sankey Inc. has current assets of $6,000,net fixed assets of$23,200,current liabilities of$5,600 and long term debt of $13,600

7. Shelton, Inc., has sales of $407,000, costs of $195,000, depreciation expense of $60,000, interest expense of $41,000, and a tax rate of 30 percent.

What is the net income for the firm

Suppose the company paid out $50,000 in cash dividends. What is the addition to retained earnings

8. During the year, the Senbet Discount Tire Company had gross sales of $1.26 million. The firm's cost of goods sold and selling expenses were $545,000 and $235,000, respectively. The firm also had notes payable of $1,000,000. These notes carried an interest rate of 5 percent. Depreciation was $150,000. The firm's tax rate was 35 percent

What was the firm's net income?

What was the firm's operating cash flow?

9. Ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as:

10. A firm has a total debt ratio of .47. This means the firm has 47 cents in debt for every

11. Ratios that measure how efficiently a firm's management uses its assets and equity to generate bottom line net income are known as _______ ratios.

12. A firm has total debt of $1,290 and a debt-equity ratio of .31. What is the value of the total assets

13. The quick ratio is measured as

14. The Purple Martin has annual sales of $4,700, total debt of $1,230, total equity of $2,300, and a profit margin of 6 percent. What is the return on assets?

15. The receivables turnover ratio is measured as

16. If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm

17. The total asset turnover ratio measures the amount of

18. The current ratio is measured as

19. Al's Sport Store has sales of $2,860, costs of goods sold of $2,020, inventory of $508, and accounts receivable of $404. How many days, on average, does it take the firm to sell its inventory assuming that all sales are on credit?

20. A firm has a debt-equity ratio of .43. What is the total debt ratio

21. Which statement expresses all accounts as a percentage of total assets

22. Galaxy United, Inc.

2009 Income Statement

What is the return on equity for 2009

23. If Wilkinson, Inc., has an equity multiplier of 1.48, total asset turnover of 1.8, and a profit margin of 5.8
percent, what is its ROE?

24. The financial ratio measured as net income divided by sales is known as the firm's

25. The financial ratio that measures the accounting profit per dollar of book equity is referred to as the

26. Puffy's Pastries generates five cents of net income for every $1 in equity. Thus, Puffy's has

27. If stockholders want to know how much profit the firm is making on their entire investment in that firm, the stockholders should refer to the:

28. The most effective method of directly evaluating the financial performance of a firm is to compare the financial ratios of the firm to:

29. Which one of these equations is an accurate expression of the balance sheet

30. The financial statement summarizing a firm's accounting performance over a period of time is the

31.  Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent

Prepare an income statement for this company for 2014 and 2015

Prepare the balance sheet for this company for 2014 and 2015

Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent):

                                                             2014                       2015

Sales                                                  $ 9,635                  $ 10,209

Depreciation                                       1,305                      1,306

Cost of goods sold                              2,876                      3,240

Other expenses                                  819                         714

Interest                                             705                         783

Cash                                                  4,289                      5,383

Accounts receivable                           5,619                      6,307

Shortterm

notes payable                                    974                         926

Longterm

debt                                                   15,440                   17,850

Net fixed assets                                 36,255                   37,437

Accounts payable                               4,676                      4,365

Inventory                                           9,850                      10,118

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Financial Management: Firms operating cash flow
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