Question: Please show all working and answer all the questions if possible 1. Construct a balance sheet given the following data. What is shareholders' equity? Cash
1. Construct a balance sheet given the following data. What is shareholders' equity? Cash Inventory Plant and property Accounts receivable Accounts payable Long-term debt = $180,000 = $270,000 = $1,340,000 = $256,000 = $186,000 = $450,000 2. Lennox Furniture Company's 2016 balance sheet showed total current assets of $1,500,000. All of the current assets were required in operations, and its current liabilities consisted of $300.000 of accounts payable, $200,000 of 670 short-term notes payable to the bank, and $100,000 of accrued wages and taxes. What was the net operating working capital that was financed by investors at the end of 2016? 3. Cider House had sales of $220,000 in 2008. The COGS was $135.500, general and administrative expenses were $54,000, interest expenses were $4,500, and depreciation was $17,000. The firm's tax rate is 35%. Calculate following: a. EBIT b. Net Income 4. Fine Breads Inc. paid out $26,000 common dividends during 2016, and it ended the year with $150,000 of retained earnings. The prior year's retained earnings were $145,000. What was the firm's 2016 net income? 5. Miller Metals recently reported $9,000 of sales, $6,000 of operating costs other than depreciation, and $1,500 of depreciation. The company had no amortization charges, it had $4,000 of bonds that carry a 7% interest rate, and its federal-plus-state income tax rate was 40%. a. What was its net cash flow? b. What was its operating cash flow
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