Accounting Review Problems $-$ Part $2$

A company has current assets of $$4,200,$ net fixed assets $$6,800,$ current liabilities of $$700,$ and long$-$term debt of $$6,200.$

a$.$ What is the value of the shareholders' equity account for this firm? $$4,100$

b$.$ How much is net working capital? $$3,500$

A company has sales of $$447,000,$ operating costs of $$210,000,$ depreciation expense of $$35,000,$ interest expense of $$13,000,$ and a tax rate of $35$ percent.

a$.$ EBIT? $$202,000$

b$.$ Net Income? $$122,850$

c$.$ The addition to retained earnings if the company paid out $37,000$ in cash dividends? $$85,850$

d$.$ The cashflow from operations if net working capital rose by $$30,000?$ $$127,850$

Flamingo &Co$.$ has reported $$15,500$ net income this year. Last year's net working capital was $$500$ and this year's net working capital is $$1,200.$ Total depreciation expense for Flamingo &Co$.$ is $$2,800.$ Change in net P&E is reported to be $-$$$1,350.$ Additionally, the company paid dividends worth $$1,750$ and repurchased $$2,230$ of its outstanding stock. Given that last year's balance sheet indicates that company's cash balance was $$10,475,$ what is this year's cash balance for Flamingo &Co$.?$

CF from $0$ ps $=$$$17,600$

CF from Invs $=-$$$1,450$

CF from Fin $=-$$$3,980$

Cash Balance $=$$$22,645$