FIN 571 Week 2 Connect lab Latest 2016 Version

Jun 19th, 2016
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1. A firm's dividend payments less any net new equity raised is referred to as the firm? 2. Which one of these is a correct definition 3. Sankey Inc. has current assets of $5,000,net fixed assets of$23,000,current liabilities of$3,500 and long term debt of $7,900 What is the value of the shareholder’s equity account for this firm? How much is the net working capital 4. During 2015, Rainbow Umbrella Corp. had sales of $750,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $610,000, $125,000, and $170,000, respectively. In addition, the company had an interest expense of $60,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.) What is the company's net income for 2015? 5. Projected future financial statements are called 6. Sankey Inc. has current assets of $6,000,net fixed assets of$23,200,current liabilities of$5,600 and long term debt of $13,600 What is the value of the shareholder’s equity account for

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1.A firm's dividend payments less any net new equity raised is referred to as the firm?cash flow to stockholders2.Which one of these is a correct definitionCurrent assets are assets with short lives, such as inventory3.Sankey Inc. has current assets of $5,000,net fixed assets of$23,000,current liabilitiesof$3,500 and long term debt of $7,900What is the value of the shareholders equity account for this firm?OE = CA + NFA CL LTD = 5000 + 23000 3500 7900 = $16,600How much is the net working capitalNet Working Capital = Current Assets Current Liabilities = 5000 3500 = 15004.During 2015, Rainbow Umbrella Corp. had sales of $750,000. Cost of goods sold,administrative and selling expenses, and depreciation expenses were $610,000, $125,000,and $170,000, respectively. In addition, the company had an interest expense of $60,000and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)What is the company's net income for 2015?EBIT = 750000 610000 125000 170000 = -155000EBT = -155000 60000 = -215000Net Income = -215000 0 (tax is zero as income is negative)Net Income = -215000What was the

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