Sheridan Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Sheridan had repaid existing debt of $315,200 and raised additional debt capital of $648,100. It also repurchased stock in the open market for a total of $45,270. What is the net cash provided by financing activities? (If an amount reduces the cash flow then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Oriole Construction had long-term assets before depreciation of $978,800 on December 31, 2016 and $1,215,000 on December 31, 2017. How much cash flow was invested in long-term assets by Oriole during 2017?

Edward Lewis, the CFO of Sunland Automotive, Inc., is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $313,300, retained earnings of $512,159, inventory of $211,000, goodwill and other assets equal to $78,656, net plant and equipment of $710,300, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Sunland Automotive have?

Blossom Corporation recently reported an EBITDA of $30.90 million and net income of $9.7 million. The company had $6.8 million in interest expense, and it's average corporate tax rate was 35 percent. What was its depreciation and amortization expense? (Round answer to 2 decimal places and enter your answer in dollars, e.g. 9,700,000.25)

Trekkers Footwear bought a piece of machinery on January 1, 2006 at a cost of $2.3 million, and the machinery is being depreciated annually at an amount of $230,000 for 10 years. Its market value on December 31, 2008 is $1.75 million. The firm's accountant is preparing its financial statement for the fiscal year end on December 31, 2008. The net value of the asset that should be reported on the balance sheet is:

Which of the following is NOT a cash flow from investing activities?

Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its accountant. The company had net fixed assets of $356,190, and other assets of $4,176. The firm has current liabilities of $94,792, long-term debt of $76,445, common stock of $200,000, and retained earnings of $134,461. What amount of current assets did this firm have?

Triumph Trading Company provided the following information to its auditors. For the year ended March 31, 2008, the company had revenues of $1,122,878, operating expenses (excluding depreciation and leasing expenses) of $612,663, depreciation expenses of $231,415, leasing expenses of $126,193, and interest expenses of $87,125. If the company's average tax rate was 34 percent, what is its net income after taxes? (Round your final answer to the nearest dollar.)

Parrino Corporation has announced that its net income for the year ended June 30, 2008, is $1,824,214. The company had an EBITDA of $5,174,366, and its depreciation and amortization expense was equal to $1,241,790. The company's average tax rate is 34 percent. What is the amount of interest expense for the firm?

Preferred stock is similar to a bond because:

Which of the following balance sheet items generally takes the longest time to convert to cash?

Which of the following equations describes a firm’s net cash flow from operating activities?

A firm’s net income may be greater than its net cash flows if the firm:

Which of the following would appear as part of equity on a company’s balance sheet?

Finore Manufacturing has the following amounts on its 12/31/14 balance sheet. Cash $150 Other current assets 397 Property, plant, & equipment, net of depreciation 538 Current liabilities 324 Total Liabilities 504 What was Finore Manufacturing’s equity as on December 31, 2014?

Finore Manufacturing has the following amounts on its 12/31/14 balance sheet. Cash $150 Other current assets 397 Property, plant, & equipment, net of depreciation 538 Current liabilities 324 Total Liabilities 504 What was Finore Manufacturing’s net working capital on December 31, 2014?

Accounting statements are:

Quipe Industries provided the following information for the year ending June 30, 2014. Increase in inventories $ 42 Purchased treasury stock 25 Purchased property and equipment 27 Net income 495 Decrease in accrued income taxes 63 Depreciation and amortization 168 Decrease in accounts payable 15 Increase in accounts receivable 39 Increase in long-term debt 150 What was Quipe Industries’ cash flow from operations for the year ending June 30, 2014?

Cash flows from financing activities include all but one of the following:

Arco Steel, Inc. generated total sales of $45,565,200 during fiscal 2010. Depreciation and amortization for the year totaled $2,278,260, and cost of goods sold was $27,339,120. Interest expense for the year was $9,641,300 and selling, general, and administrative expenses totaled $4,556,520 for the year. What is Arco’s EBIT for 2010?

Super Grocers, Inc., provided the following financial information for the quarter ending September 30, 2006: Depreciation and amortization – $133,414 Net income – $341,463 Increase in receivables – $112,709 Increase in inventory – $81,336 Increase in accounts payables – $62,411 Decrease in marketable securities – $31,225 What is the cash flow from operating activities generated during this quarter by the firm?

Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marketable securities worth $335,485, accounts payables worth $1,159,357, inventory of $1,651,599, accounts receivables of $1,488,121, short-term notes payable worth $313,663, and other current assets of $121,427. What is the company's net working capital?