Dividend paid in 2009 to investors is $200.

Dividend paid in 2009 to investors is $200.

What is the taxable income of MM Co. in 2009? (hint: taxable income is EBT)

a. $1,912

b. $2,571

c. $2,192

d. $1,242

Calculate the tax rate of MM Co. in 2009. (Hint: tax rate = tax / taxable income)

e. 33%

f. 34%

g. 35%

h. 36%

Accounts receivables have increased from $1,092 to $1,162.

Calculate the cash flow from operation.

a. $1,573

b. $1,602

c. $1,521

d. $1,630

Calculate cash flow from investment.

a. -$239

b. -$251

c. -$249

d. -$204

Calculate cash flow from financing.

a. -$1,200

b. -$1,300

c. -$1,400

d. -$1,500

A firm has total debt of $1,000 and a debt-equity ratio of 0.5. What is the value of the total assets?

A. $2,000
B. $3,000
C. $4,000
D. $5,000

The company has a debt-equity ratio = 2.05. Return on assets (ROA) = 9.2%, and total equity = $560,000. What is the net income?
A. $105,616
B. $148,309
C. $157,136
D. $161,008

Short Answer questions:

For MM. Co, prepare its cash flow statement (10 points)