1. Papa Roach Exterminators, Inc., has sales of $594,000, costs of $345,000, depreciation expense of $45,000, interest expense of $23,000, and a tax rate of 30 percent. What is the net income for firm?
2. Papa Roach Exterminators, Inc., has sales of $684,000, costs of $375,000, depreciation expense of $50,000, interest expense of $20,000, and a tax rate of 30 percent. If the firm paid out $79,000 in cash dividends. What is the addition to retained earnings?
3. Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.8 million, and the 2009 balance sheet showed net fixed assets of $6 million. The company's 2009 income statement showed a depreciation expense of $965,000. What was net capital spending for 2009?
4. The 2008 balance sheet of Saddle Creek, Inc., showed current assets of $1,230 and current liabilities of $920. The 2009 balance sheet showed current assets of $1,620 and current liabilities of $1,120. What was the company's 2009 change in net working capital, or NWC?
5. Billy's Exterminators, Inc., has sales of $592,000, costs of $284,000, depreciation expense of $36,000, interest expense of $28,000, a tax rate of 35 percent, and paid out $63,000 in cash dividends. What is the addition to retained earnings?
6. Ridiculousness, Inc., has sales of $49,000, costs of $26,000, depreciation expense of $1,500, and interest expense of $1,800. If the tax rate is 35 percent, what is the operating cash flow, or OCF?
7. The 2014 balance sheet of Steelo, Inc., showed current assets of $4,560 and current liabilities of $2,820. The 2015 balance sheet showed current assets of $3,320 and current liabilities of $1,730. What was the company's 2015 change in net working capital, or NWC?
8. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $5.9 million, and the 2015 balance sheet showed long-term debt of $6.3 million. The 2015 income statement showed an interest expense of $155,000. What was the firm's cash flow to creditors during 2015?
9. The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $590,000 in the common stock account and $4.8 million in the additional paid-in surplus account.
The 2015 balance sheet showed $630,000 and $5.3 million in the same two accounts, respectively. If the company paid out $600,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?
10. Volbeat Corp. shows the following information on its 2015 income statement: sales = $264,000; costs = $170,000; other expenses = $7,900; depreciation expense = $14,500; interest expense = $13,300; taxes = $20,405; dividends = $10,000.
In addition, you're told that the firm issued $4,800 in new equity during 2015 and redeemed $3,300 in outstanding long-term debt.
a. What is the 2015 operating cash flow? b. What is the 2015 cash flow to creditors?
c. What is the 2015 cash flow to stockholders?
d. If net fixed assets increased by $28,000 during the year, what was the addition to NWC?