75) You have compiled the following information on the Shoe Store:
2016
2017
Assets
Cash
$
214
$
Accounts receivable
1,306
Inventory
1,847
Net fixed assets
3,511
Total assets
$
6,878
$
Liabilities and Equity
Accounts payable
$
1,414
$
Other current liabilities
624
Long-term debt
1,320
Stockholders’ equity
3,520
Total liabilities and equity
$
6,878
$
Sales
$
Cost of goods sold
General and administrative
Depreciation
EBIT
$
Interest
EBT
$
Taxes
Net income
$
What is the amount of the net capital spending for 2017?
A) $224
B) $639
C) –$224
D) $362
E) $191
76) You have compiled the following information on Winslow, Inc.:
2016
2017
Assets
Cash
$
298
$
306
Accounts receivable
3,006
3,422
Inventory
5,210
5,650
Net fixed assets
32,780
36,400
Total assets
$
41,294
$
45,778
Liabilities and Equity
Accounts payable
$
6,219
$
6,184
Other current liabilities
1,880
1,625
Long-term debt
17,951
21,991
Stockholders’ equity
15,244
15,978
Total liabilities and equity
$
41,294
$
45,778
Sales
$
11,418
Cost of goods sold
6,320
General and administrative
2,419
Depreciation
967
EBIT
$
1,712
Interest
230
EBT
$
1,482
Taxes
519
Net income
$
963
What is the cash flow of the firm, or CF(A), for 2017?
A) –$1,273
B) –$3,581
C) $1,273
D) $2,160
E) $3,414
77) You have compiled the following information on Winslow, Inc.:
2016
2017
Assets
Cash
$
298
$
306
Accounts receivable
3,006
3,422
Inventory
5,210
5,650
Net fixed assets
32,780
36,400
Total assets
$
41,294
$
45,778
Liabilities and Equity
Accounts payable
$
6,219
$
6,184
Other current liabilities
1,880
1,625
Long-term debt
17,951
21,991
Stockholders’ equity
15,244
15,978
Total liabilities and equity
$
41,294
$
45,778
Sales
$
11,418
Cost of goods sold
6,320
General and administrative
2,419
Depreciation
967
EBIT
$
1,712
Interest
230
EBT
$
1,482
Taxes
519
Net income
$
963
What is the amount of net new borrowing for 2017?
A) $3,750
B) $3,250
C) $3,360
D) $4,040
E) $3,480
78) You have compiled the following information on Winslow, Inc.:
2016
2017
Assets
Cash
$
298
$
306
Accounts receivable
3,006
3,422
Inventory
5,210
5,650
Net fixed assets
32,780
36,400
Total assets
$
41,294
$
45,778
Liabilities and Equity
Accounts payable
$
6,219
$
6,184
Other current liabilities
1,880
1,625
Long-term debt
17,951
21,991
Stockholders’ equity
15,244
15,978
Total liabilities and equity
$
41,294
$
45,778
Sales
$
11,418
Cost of goods sold
6,320
General and administrative
2,419
Depreciation
967
EBIT
$
1,712
Interest
230
EBT
$
1,482
Taxes
519
Net income
$
963
What is the cash flow to creditors for 2017?
A) $3,650
B) –$4,040
C) $3,350
D) –$4,270
E) –$3,810
79) The financial information on Lazy Day, Inc. is as follows:
2016
2017
Cash
$
138
$
97
Sales
10,204
11,317
Inventory
5,209
5,138
Depreciation
956
948
Cost of goods sold
4,207
4,618
Accounts payable
3,338
3,209
Long-term debt
4,200
3,800
Shareholders’ equity
9,229
9,906
Accounts receivable
2,780
2,960
Net fixed assets
8,640
8,720
Interest expense
350
320
Selling and administrative expenses
1,015
984
Taxes
1,250
1,512
What is net capital spending for 2017?
A) $1,115
B) $1,028
C) $80
D) $210
E) $946
80) The financial information on Lazy Day, Inc. is as follows:
2016
2017
Cash
$
138
$
97
Sales
10,204
11,317
Inventory
5,209
5,138
Depreciation
956
948
Cost of goods sold
4,207
4,618
Accounts payable
3,338
3,209
Long-term debt
4,200
3,800
Shareholders’ equity
9,229
9,906
Accounts receivable
2,780
2,960
Net fixed assets
8,640
8,720
Interest expense
350
320
Selling and administrative expenses
1,015
984
Taxes
1,250
1,512
What is the operating cash flow for 2017?
A) $3,690
B) $4,203
C) $2,645
D) $5,331
E) $4,807
81) The financial information on Lazy Day, Inc. is as follows:
2016
2017
Cash
$
138
$
97
Sales
10,204
11,317
Inventory
5,209
5,138
Depreciation
956
948
Cost of goods sold
4,207
4,618
Accounts payable
3,338
3,209
Long-term debt
4,200
3,800
Shareholders’ equity
9,229
9,906
Accounts receivable
2,780
2,960
Net fixed assets
8,640
8,720
Interest expense
350
320
Selling and administrative expenses
1,015
984
Taxes
1,250
1,512
What is the cash flow of the firm, CF(A), for 2017?
A) $3,050
B) $2,813
C) $3,297
D) $3,147
E) $2,978
82) The financial information on Lazy Day, Inc. is as follows:
2016
2017
Cash
$
138
$
97
Sales
10,204
11,317
Inventory
5,209
5,138
Depreciation
956
948
Cost of goods sold
4,207
4,618
Accounts payable
3,338
3,209
Long-term debt
4,200
3,800
Shareholders’ equity
9,229
9,906
Accounts receivable
2,780
2,960
Net fixed assets
8,640
8,720
Interest expense
350
320
Selling and administrative expenses
1,015
984
Taxes
1,250
1,512
What is the cash flow to creditors, CF(B), for 2017?
A) $400
B) –$915
C) $720
D) –$80
E) $915
83) The financial information on Lazy Day, Inc. is as follows:
2016
2017
Cash
$
138
$
97
Sales
10,204
11,317
Inventory
5,209
5,138
Depreciation
956
948
Cost of goods sold
4,207
4,618
Accounts payable
3,338
3,209
Long-term debt
4,200
3,800
Shareholders’ equity
9,229
9,906
Accounts receivable
2,780
2,960
Net fixed assets
8,640
8,720
Interest expense
350
320
Selling and administrative expenses
1,015
984
Taxes
1,250
1,512
What is the cash flow to stockholders, CF(S), for 2017?
A) $3,058
B) $2,063
C) $2,258
D) $2,428
E) $3,698
84) Pineapple Express has selling and administrative expenses of $2,618, costs of goods sold of
$24,318, depreciation of $915, and an interest expense of $520. The firm paid $150 in dividends
and added $384 to retained earnings for the year. What is the firm’s operating cash flow if the tax
rate is 35 percent?
What is the operating cash flow?
A) $1,823.14
B) $2,072.12
C) $1,969.00
D) $2,516.48
E) $2,208.15
85) Whistler’s sales for this past year were $21,381. The interest expense was $248, costs of goods
sold were $9,784, selling and general expenses were $1,208, depreciation was $811, and the
addition to retained earnings was $325. The firm sold $500 of new stock shares and repurchased
$125 of outstanding shares.
What was the cash flow to stockholders if the tax rate was 34 percent?
A) $725.50
B) $670.25
C) $202.72
D) $208.28
E) $235.55