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Sankey, Inc., has current assets of $4,500, net fixed assets of $23,500,
current liabilities of $2,750, and long-term debt of $12,900. (Do not round
intermediate calculations.)
What is the value of the shareholders' equity account for this firm?
Shareholders' equity $
How much is net working capital?
Net working capital $
7.
Please use excel sheet in case the values changes
Shelton, Inc., has sales of $396,000, costs of $184,000, depreciation
expense of $49,000, interest expense of $30,000, and a tax rate of 35
percent. (Do not round intermediate calculations.)
What is the net income for the firm?
Suppose the company paid out $39,000 in cash dividends. What is the
addition to retained earnings?
8.
Please use excel sheet in case the values changes
During the year, the Senbet Discount Tire Company had gross sales of
$1.12 million. The firm’s cost of goods sold and selling expenses were
$531,000 and $221,000, respectively. The firm also had notes payable of
$860,000. These notes carried an interest rate of 6 percent. Depreciation
was $136,000. The firm’s tax rate was 40 percent.
a.
What was the firm’s net income? (Do not round intermediate
calculations. Enter your answer in dollars, not millions of dollars, e.g.,
1,234,567. Round your answer to the nearest whole number, e.g., 32.)