Question: Part I: Multiple-Choice (35 points): Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative

Part I: Multiple-Choice (35 points): Partial Income Statement At the End

of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general,

Part I: Multiple-Choice (35 points): Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $0 $45,800 Tax rate 40% ASSETS Cash Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 Accounts receivable Inventories Gross fixed assets Accumulated depreciation (-) Intangible assets $131,900 ASSETS Cash and marketable securities Accounts receivable Inventories Gross fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2019 LIABILITIES $26,000 Notes payable $19,200 Accounts payable $53,200 Long-term debt $448,200 OWNERS' EQUITY Accumulated retained earnings $82,000 Common stock $11,800 $24,100 $161,800 $181,900 Question 1 to 5 are based on the partial income statement and balance sheet above. Answers to question 2 and 3 rely on your answers to question 1. If you cannot answer question 1, please write down your calculations to questions 2 and 3. 1. The Accumulated depreciation of 2019? A. $200,000 B. $129,000 C. $100,000 D. $188,800 2. What is the Accumulated retained earnings of 2018 and 2019? A. $40,400; $50,000 B. $35,300; $38,500 C. $43,700: $60.200 D. $47,100; $11,500 3. What is the Distributed earnings (dividends) in 2019? A. $38,460 B. $49,000 C. $28,980 D. $30,500 4. What is the Net financial debt in 2019? A. $146,800 B. $135,800 C. $208,900 D. $190,200 5. What is the Net Working Capital, operational in 2019? A. $36,500 B. $40,100 C. $29,800 D. $31,090 6. With a tax rate of 35%, what is the impact on net income from a (a) increase of depreciation expense of $100, and (b) a decrease in interest expense of $100? A. -$65, $65 B. $35, $35 C. $65,-$35 D. -$35, $65 7. Assuming the following for a piece of equipment: Purchase price and installation cost: $16000, 5- year useful life with an estimated salvage value of $3000. If you sell it after 3 years at (a) $9000, (b) $5500. What is your capital gain the sell price - book value of the equipment)? A. $800,-$2,700 B. -$1,000, $2,500 C. $6,000, $2,500 D. $7,000, $10,500

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