A firm has $520 in inventory, $1,860 in fixed assets, $190 in accounts receivables, $210 in accounts payable, and $70 in cash. What is the amount of the current assets?
a. $710
b. $780
c. $990
d. $2,430
e. $2,640
Answer: B
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FRL 300
- On the Statement of Cash Flows, which of the following are considered operating activities?
- On the statement of Cash Flows, which of the following are considered financing activities?
- Which one of the following is a use of cash?
- Which one of the following is a source of cash?
- The sources and uses of cash over a stated period of time are reflected on the:
- A firm has a debt-equity ratio of 57 percent, a total asset turnover of 1.12, and a profit margin of 4.9 percent. The total equity is $511,640. What is the amount of the net income?
- The Meat Market has $747,000 in sales. The profit margin is 4.1 percent and the firm has 7,500 shares of stock outstanding. The market price per share is $27. What is the price-earning ratio?
- The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.20 percent. What is the return on assets?
- A firm has total debt of $4,620 and a debt-equity ratio of 0.57. What is the value of the total assets?
- During the year, Kitchen Supply increased its accounts receivable by $130, decreased its inventory by $75, and decreased its accounts payable by $40. How did these three accounts affect the firm's cash flow for the year?
- The cash flow of a firm which is available for distribution to the firm's creditors and stockholders is called the:
- Noncash items refer to :
- The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and interest paid was $2,480. A net total of $2,620 was paid on long-term debt. The firm spent $24,000 on fixed assets and decreased net working capital by $1,330. What is the amount of the cash flow to stockholders?
- At the beginning of the year, the long-term debt of a firm was $72,918 and total debt was $138,407. At the end of the year, long-term debt was $68,219 and total debt was $145,838. The interest paid was $6,430. What is the amount of the cash flow to creditors?
- Crandall Oil has total sales of $1,349,800 and cost of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
- Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 35 percent. What is the net income?
- A firm has net working capital of $640. Long-term debt is $4,180, total assets are $6,230, and fixed assets are $3,910. What is the amount of the total liabilities?
- Which one of the following is an agency cost?
- Which one of the following actions by a financial manager is most apt to create an agency problem?
- The Sarbanes-Oxley Act of 2002 is a government response to:
- Which one of the following best illustrates that the management of a firm is adhering to the goal of financial management?
- Which of the following are advantages of the corporate form of business ownership?
- Which one of the following is a capital structure decision?
- Which of the following is a capital budgeting decision?
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