1-In 2008, Upper Crust had cash flows from investing activities of $270,000 and cash flows from financing activities of $163,000. The balance in the firm's cash account was $86,000 at the beginning of 2018 and $118,000 at the end of the year. What was Upper Crust's cash flow from operations for 2018?

2-Barnyard, Incorporated's 2018 income statement lists the following income and expenses: EBIT = $504,500, Interest expense = $47,000, and Taxes = $156,500. Barnyard's has no preferred stock outstanding and 160,000 shares of common stock outstanding. What are its the 2018 earnings per share? (Round your answer to 2 decimal places.)

3-Bullseye, Incorporated's 2018 income statement lists the following income and expenses: EBIT = $904,500, Interest expense = $81,000, and Net income = $585,000. What is the 2018 Taxes reported on the income statement?

4-TriCycle, Corporation began the year 2018 with $25 million in retained earnings. The firm earned net income of $7 million in 2018 and paid $1 million to its preferred stockholders and $3 million to its common stockholders. What is the year-end 2018 balance in retained earnings for TriCycle?

Answer rating: 100% (QA)

1 Cash Flow from Operations can be computed as Ending Cash Balance Beginning Cash Balance Cash Flows ... View the full answer