Questions and problems

Building a Balance Sheet Grey Wolf. Inc., has current assets of $2,090. net fixed assets of $9,330. current liabilities of $1,710. and long-term debt of $4,520. What is the value of the shareholders’ equity account for this firm? How much is net working capital?
Building an Income Statement Sidewinder. Inc., has sales of $634,000. costs of $323,000. depreciation expense of $73,000. interest expense of $33,000. and a tax rate of 21 percent. What is the net income for this firm?
Dividends and Retained Earnings Suppose the firm in 0 Problem 2 paid out $63.000 in cash dividends. What is the addition to retained earnings?
Per-Share Earnings and Dividends Suppose the firm in 0 Problem 3 had 35.000 shares of common stock outstanding. What is the earnings per share, or EPS. figure? What is the dividends per share figure? Calculating Taxes Duela Dent is single and had S 139,000 in taxable income. Using the rates from © Table 2.3 in the chapter, calculate her income taxes.
Tax Rates In ß Problem 5. what is the average tax rate? What is the marginal tax rate?
Calculating OCF Benson. Inc., has sales of S33.530. costs of $12.750. depreciation expense of p-w 44
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income statement showed an interest expense of S9 ..500. What was the firm’s cash flow to creditors during 2019?
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1. Calculating Cash Flows Given the information for Whelan. Inc., in © Problems 10 and © 11. suppose you also know that the firms net capital spending for 2019 was S745.000 and that the firm reduced its net working capital investment by $94,300. What was the firms 2019 operating cash flow, or OCF?
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ions 13-22)
1. Market Values and Book Values Kiingon Widgets. Inc., purchased new cloaking machinery three tears ago for S6 million. The machinery can be sold to the Romuians today for S4.6 million. Klingon’s current balance sheet shows net fixed assets of S3.15 million, current liabilities of S330.000. and net working capital of $210.000. If all the current accounts were liquidated today, the company would receive S950.000 in cash. What is the book value of Klingon’s total assets today? What is the sum of the market value of NWC and the market value of fixed assets?
k Calculating Cash Flows Weiland Co. shows the following information on its 2019 income statement: sales = $173,000; costs = $103.600; other expenses = S5.100; depreciation expense = $12.100; interest expense = $3,900; taxes = $12.705; dividends = $10.143. In addition, you’re told that the firm issued S2.900 in new equity during 2019 and redeemed $4.000 in outstanding long-term debt.
a. What is the 2019 operating cash flow.-?
b. What is the 2019 cash flow to creditors?
c. What is the 2019 cash flow to stockholders? 45
d. If net fixed assets increased by $23,140 during the year, what v.-as the addition to NWC?
>. Using Income Statements Given the follow.-ing information for Ted’s Dread Co., calculate the
depreciation expense: sales = $63,500; costs = S51.700; addition to retained earnings = S4.500; dividends paid = S2.420; interest expense = S2.130; tax rate = 21 percent.
>. Preparing a Balance Sheet Prepare a balance sheet for Alaskan Peach Corp. as of December 31. 2019, based on the following information: cash = $207,000; patents and copyrights = $371.000; accounts payable = S293.000; accounts receivable = $265,000; tangible net fixed assets = $5.270.000; inventor/ = S579.000; notes payable = $201.000; accumulated retained earnings = $4.676.000; long-term debt = $1,630,000.

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