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What is the value of the shareholders' equity account for this firm?
How much is net working capital?
2.
Which one of the following assets is generally the most liquid?
3.
Which one of the following accounts is included in stockholders'
equity?
Operating cash flow is defined as:
4.
firm:
It is easier to evaluate a firm using its financial statements when the
If a firm is currently profitable, then:
5.
Which one of these accounts is classified as a current asset on the
balance sheet?
During 2015, Rainbow Umbrella Corp. had sales of $720,000. Cost of
goods sold, administrative and selling expenses, and depreciation
expenses were $500,000, $90,000, and $85,000, respectively. In addition,
the company had an interest expense of $90,000 and a tax rate of 35
percent. (Ignore any tax loss carryback or carryforward provisions.)
a.
What is the company's net income for 2015? (Do not round
intermediate calculations. A negative answer should be indicated by a
minus sign.)
Net income
$
b.
What is its operating cash flow? (Do not round intermediate
calculations.)
Operating cash flow $
6.
Please use excel sheet in case the values changes