ACC 556 Chapter 13 Quiz( 100 % Score)
Laser Performance Inc. has the following information available |
( amount in thousands). |
Net Income |
$ 30,000 |
Average Total Liabilities |
80,000 |
Average Current Liabilities |
36,000 |
Cash Provided by Operations |
48,000 |
Cash Sales |
130,000 |
Capital Expenditures |
22,000 |
Dividends Paid |
6,000 |
What is the current cash debt coverage? Question 18
Authentic Exposure Company had the following transactions that took place during the year: I. Paid amount owing to suppliers $ 2,750. II. Purchased new equipment for $ 5,000 by signing a long-term note payable. III. Purchased a patent and paid $ 15,000 cash for the asset.
How what is the total effect of these transactions on Free Cash Flow, |
Current Cash Debt Coverage, and Cash Debt Coverage respectively? |
Free |
Current Cash Debt |
Cash |
|
Debt Cash
Flow
|
Coverage |
Coverage |
Question 19 |
|
|
All of the following statements are true regarding cash flow presentations exceptQuestion 20 For each of the following items, indicate by using the appropriate code letter, how the item should be reported in the statement of cash flows, using the indirect method. ==================================================
ACC 556 Chapter 13 Quiz( 100 % Score)