FIN 571 TUTOR Let's Do This /fin571tutor.com FIN 571 TUTOR Let's Do This /fin571tutor.com | Page 10

Today, you sold all of your shares for $45.13 per share. What is the total
amount of your capital gains on this investment?
10 Which one of these accounts is classified as a current asset on the
balance sheet?
11 Shelton, Inc., has sales of $395,000, costs of $183,000, depreciation
expense of $48,000, interest expense of $29,000, and a tax rate of 40
percent. (Do not round intermediate calculations.)
What is the net income for the firm?
12. On a balance sheet, deferred taxes are classified as:
13. Which one of these equations is an accurate expression of the
balance sheet?
14. Galaxy United, Inc.
2009 Income Statement
15. The Purple Martin has annual sales of $4,600, total debt of $1,230,
total equity of $2,500, and a profit margin of 6 percent. What is the return
on assets?
16. Galaxy United, Inc.
2009 Income Statement
17. Reliable Cars has sales of $3,850, total assets of $3,350, and a profit
margin of 5 percent. The firm has a total debt ratio of 41 percent. What is
the return on equity?
18. A firm has net working capital of $344, net fixed assets of $2,292, sales
of $6,000, and current liabilities of $800. How many dollars worth of sales
are generated from every $1 in total assets?
19. One of the primary weaknesses of many financial planning models is
that they:
ignore the goals and objectives of senior management.