Maria's Tennis Shop, Inc.
1.The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $3 million, and the 2009 balance sheet showed long-term debt of $4.05 million. The 2009 income statement showed an interest expense of $190,000. What was the firm's cash flow to creditors during 2009? $1,050,190 $-188,950 $-191,050 $1,050,000 $-860,000 2.Papa Roach Exterminators, Inc., has sales of $699,000, costs of $285,000, depreciation expense of $48,000, interest expense of $26,000, and a tax rate of 30 percent. If the firm paid out $72,000 in cash dividends. What is the addition to retained earnings? $166,000 $214,000 $240,000 $149,400 $192,000
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Posted 21 Aug 2017 01:08 PM
My Price 5.00
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