Question

You are given the following for TG Inc. for the last year:

Sales	$26,500
Cost of goods sold	18,850
Depreciation expense	2,900
Interest expense	400
Selling, general, and administrative expense	250
Dividends paid	16,000
New debt issued	500
Beginning Net fixed assets	$12,400
Beginning Current assets	2,600
Beginning Current liabilities	2,250
Ending Net fixed assets	$15,250
Ending Current assets	3,890
Ending Current liabilities	2,650
Tax rate	40%

1. What was its last year’s net income?

   	A.	2,610
   	B.	4,500
   	C.	5,910
   	D.	(730)
   	E.	(100)
   	F.	2,460

 

QUESTION 6

1. What was the TG Inc.’s operating cash flow last year?

   	A.	8,350
   	B.	(730)
   	C.	7,400
   	D.	(100)
   	E.	5,760
   	F.	2,610

 

QUESTION 7

1. What was the TG Inc.’s cash flow from assets last year?

   	A.	(780)
   	B.	(880)
   	C.	(100)
   	D.	5,750
   	E.	5,910
   	F.	2,610

 

QUESTION 8

1. What was the TG Inc.’s cash flow to creditors last year?

   	A.	5,910
   	B.	5,750
   	C.	(780)
   	D.	(100)
   	E.	2,610
   	F.	(880)

 

QUESTION 9

1. What was the TG Inc.’s cash flow to stockholders?

   	A.	(100)
   	B.	5,750
   	C.	(880)
   	D.	2,610
   	E.	(780)
   	F.	5,910

Answer 1