14 Taylor Industries has current liabilities of $54,900 and accounts receivable of $88,700. The firm has total assets of $395,000 and net fixed assets of $265,100. The owners' equity has a book value of $147,500. What is the amount of the net working capital?
Multiple Choice
$77,400
$75,000
$33,800
-$8,500
-$2,400

15 Dockside Warehouse has net working capital of $42,400, total assets of $519,300, and net fixed assets of $380,200. What is the value of the current liabilities?
Multiple Choice
$61,700
$88,400
$102,900
$96,700
$111,500

16 Donner United has total owners' equity of $18,800. The firm has current assets of $23,100, current liabilities of $12,200, and total assets of $36,400. What is the value of the long-term debt?
Multiple Choice
$5,400
$12,500
$13,700
$29,800
$43,000

17 Leslie Printing has net income of $26,310 for the year. At the beginning of the year, the firm had common stock of $55,000, paid-in surplus of $11,200, and retained earnings of $48,420. At the end of the year, the firm had total equity of $142,430. The firm paid dividends of $32,500. What is the amount of the net new equity raised during the year?
Multiple Choice
$34,000
$42,500
$25,000
$21,500
$0

18 Marcie's has sales of $179,600,depreciation of $14,900. costs of goods sold of $138,200, and other costs of $28,400. The tax rate is 35 percent What is the net Income?
Multiple Choice
-$1,235
$382
$1,204
$14,660
$13,665

19 AV Sales has net revenue of $513,000 and costs of $406,800. The depreciation expense is $43,800,interest paid is $11,200, and dividends for the year are$4,500. The tax rate is 33 percent. What is the addition to retained earnings?
Multiple Choice
$38,804
$34,304
$28,120
$29,804
$30,450

20 Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earnings was $10,200. The firm paid interest of $6,200 and dividends of $5,000. The tax rate was 33 percent What was the amount of the costs incurred by the company?
Multiple Choice
$691,013
$707,413
$704,700
$697,213
$719,900

21 The Pretzel Factory has net sales of $821,300 and costs of $698,500. The depreciation expense is $28,400 and the interest paid is $8,400. What is the amount of the firm's operating cash flow if the tax rate is 34 percent?
Multiple Choice
$87,620
$89,540
$91,220
$93,560
$95,240

22 The balance sheet of a firm shows beginning net fixed assets of $348,200 and ending net fixed assets of $371,920. The depreciation expense for the year is $46,080 and the interest expense is $11,460. What is the amount of the net capital spending?
Multiple Choice
-$22,360
-$4,780
$23,720
$58,340
$69,800

23 The Carpentry Shop has sales of $398,600, costs of $254,800, depreciation expense of $26,400, interest expense of $1,600, and a tax rate of 34 percent. What is the net income for this firm?
Multiple Choice
$61,930
$66,211
$67,516
$76,428
$83,219

24 Suzette's Market had long-term debt of $638,100 at the beginning of the year compared to $574,600 at year-end. If the interest expense was $42,300, what was the firm's cash flow to creditors?
Multiple Choice
$21,200
$26,700
$54,900
$102,400
$105,800

25 Joie's Fashions has current liabilities of $45,600 and accounts receivable of $59,700. The firm has total assets of $275,000 and net fixed assets of $205,500. The owners' equity has a book value of $107,500.
What is the amount of the net working capital?
Multiple Choice
$121,900
$23,900
$9,800
$83,600
-$35,800

14 Taylor Industries has current liabilities of $54,900 and account...