Building a Balance Sheet [LO1] KCCO, Inc., has current assets of $5,300
Question # 00572565
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Updated on: 08/08/2017 03:46 AM Due on: 08/08/2017
- Building a Balance Sheet [LO1] KCCO, Inc., has current assets of $5,300, net fixed assets of $24,900, current liabilities of $4,600, and long-term debt of $10,300. What is the value of the shareholders' equity account for this firm? How much is net working capital?
- Building an Income Statement [LO1] Billy's Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 35 percent. What is the net income for this firm?
- Dividends and Retained Earnings [LO1] Suppose the firm in Problem 2 paid out $95,000 in cash dividends. What is the addition to retained earnings?
- Per-Share Earnings and Dividends [LO1] Suppose the firm in Problem 3 had 90,000 shares of common stock outstanding. What is the earnings per share, or EPS, figure? What is the dividends per share figure?
- Calculating Taxes [LO3] The Dyrdek Co. had $267,000 in 2014 taxable income. Using the rates from Table 2.3 in the chapter, calculate the company's 2014 income taxes.
- Tax Rates [LO3] In Problem 5, what is the average tax rate? What is the marginal tax rate?
- Calculating OCF [LO4] Ridiculousness, Inc., has sales of $43,800, costs of $22,700, depreciation expense of $2,100, and interest expense of $1,600. If the tax rate is 35 percent, what is the operating cash flow, or OCF?
- Calculating Net Capital Spending [LO4] Bowyer Driving School's 2014 balance sheet showed net fixed assets of $2.7 million, and the 2015 balance sheet showed net fixed assets of $3.5 million. The company's 2015 income statement showed a depreciation expense of $328,000. What was net capital spending for 2015?
- Calculating Additions to NWC [LO4] The 2014 balance sheet of Steelo, Inc., showed current assets of $4,630 and current liabilities of $2,190. The 2015 balance sheet showed current assets of $5,180 and current liabilities of $2,830. What was the company's 2015 change in net working capital, or NWC?
- Cash Flow to Creditors [LO4] The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed long-term debt of $1.95 million, and the 2015 balance sheet showed long-term debt of $2.28 million. The 2015 income statement showed an interest expense of $235,000. What was the firm's cash flow to creditors during 2015?
- Cash Flow to Stockholders [LO4] The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $670,000 in the common stock account and $4.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $825,000 and $4.4 million in the same two accounts, respectively. If the company paid out $565,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?
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Solution: Building a Balance Sheet [LO1] KCCO, Inc., has current assets of $5,300 (questions 1, 7, 8,9,10,11