Posted: January 29th, 2016
Use the following information for this and the next four questions.
| Use the following information for this and the next four questions.
You are given the following for TG Inc. for the last year:
| Sales |
$ 26,500
|
| Cost of goods sold |
18,850
|
| Depreciation expense |
2,900
|
| Interest expense |
400
|
| Dividends paid |
16,000
|
| New debt issued |
500
|
| |
|
| Beginning Net fixed assets |
$ 12,400
|
| Beginning Current assets |
2,600
|
| Beginning Current liabilities |
2,250
|
| |
|
| Ending Net fixed assets |
$ 15,250
|
| Ending Current assets |
3,890
|
| Ending Current liabilities |
2,650
|
| Tax rate |
40%
|
What was its last year’s net income? |
 |
| |
| |
Student Response |
|
a.
|
(100) |
|
b.
|
(730) |
|
c.
|
2,610 |
|
d.
|
5,910 |
|
| Score: |
1/1 |
| |
|
6.
|
|
| |
| What was the TG Inc.’s operating cash flow last year? |
|
| |
| |
Student Response |
|
a.
|
(100) |
|
b.
|
(730) |
|
c.
|
2,610 |
|
d.
|
5,910 |
|
| Score: |
1/1 |
| |
|
7.
|
|
| |
| What was the TG Inc.’s cash flow from assets last year? |
|
| |
| |
Student Response |
|
a.
|
(100) |
|
b.
|
(730) |
|
c.
|
2,610 |
|
d.
|
5,910 |
|
| Score: |
1/1 |
| |
|
8.
|
|
| |
| What was the TG Inc.’s cash flow to creditors last year? |
|
| |
| |
Student Response |
|
a.
|
(100) |
|
b.
|
(730) |
|
c.
|
2,610 |
|
d.
|
5,910 |
|
| Score: |
1/1 |
| |
|
9.
|
|
| |
| What was the TG Inc.’s cash flow to stockholders? |
|
| |
| |
Student Response |
|
a.
|
(100) |
|
b.
|
(630) |
|
c.
|
2,610 |
|
d.
|
5,910 |
|
| Score: |
1/1 |
|
