Question : 97. During the year, Victory Solutions: (1) received cash of : 1255751

 

 

97. During the year, Victory Solutions: (1) received cash of $5,000 billed to a customer in 2014; (2) earned $20,000 of net income; (3) paid interest of $6,000 on a corporate bond issued; (4) paid dividends of $8,000 to its stockholders; (5) borrowed $40,000 from a local bank; and (6) purchased its own shares of common stock for $10,000. What is Victoria Solution’s cash flow from financing activities?

a.

$40,000.

b.

$30,000.

c.

$22,000.

d.

$16,000.

 

 

98. The following information pertains to Alpha Computing at the end of 2015:

Assets

$970,000

Liabilities

$560,000

Net Income

$90,000

Common Stock

$350,000

Alpha Computing’s Retained Earnings account had a zero balance at the beginning of 2015. What amount of dividends did the company pay in 2015?

a.

$280,000.

b.

$150,000.

c.

$30,000.

d.

$80,000.

 

 

99. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer Worlds’ cash return on assets?              

a.

33.3%.

b.

42.9%.

c.

25.0%.

d.

37.5%.

 

 

100. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World’s cash flow to sales?              

a.

15.6%.

b.

25.0%.

c.

18.8%.

d.

37.5%.

 

 

101. The balance sheet of Computer World reports total assets of $350,000 and $450,000 at the beginning and end of the year, respectively. Sales revenues are $800,000, net income is $100,000, and net cash flows from operating activities are $150,000. What is Computer World’s asset turnover?              

a.

2.0 times.

b.

2.3 times.

c.

0.5 times.

d.

1.8 times.

 

 

102. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs’ cash return on assets?              

a.

19.4%.

b.

21.9%.

c.

22.6%.

d.

18.8%.

 

 

103. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs’ cash flow to sales?              

a.

22.6%.

b.

11.7%.

c.

14.6%.

d.

13.0%.

 

 

104. The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs’ asset turnover?              

a.

2.0 times.

b.

1.7 times.

c.

0.5 times.

d.

1.9 times.

 

 

105. The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $1.1 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track’s cash return on assets compare to the industry average of 10%?

a.

Better.

b.

Worse.

c.

Same as.

d.

Cannot be determined with the data provided.

 

 

106. The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $1.1 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track’s cash flow to sales ratio compare to the industry average of 5%?

a.

Better.

b.

Worse.

c.

Same as.

d.

Cannot be determined with the data provided.