Please show the calculation steps!!

5. A company had beginning retained earnings of $126,000. The company paid dividends of $17,300, generated total sales of $845,000, and incurred total expenses of $792,000 in the current year. What is ending retained earnings?

$53,000

$35,700

$179,000

$161,700

6.

A company has the following information for the current year:

Current assets	$42,500	Current liabilities	$24,650
Noncurrent assets	224,000	Noncurrent liabilities	173,200
Total assets	$266,500	Retained earnings	19,475
		All other equity	49,175
		Total liabilities and equity	$266,500

Sales revenue is forecasted to grow by 11% next year, forecasted net income is expected to be $30,000, and all current assets and current liabilities vary proportionally with sales. If $45,000 worth of net noncurrent assets are required to be purchased next year, what is the external financing needed? Assume that the company does not pay dividends, and that all noncurrent liabilities and equity (except retained earnings) will be the same level as the current year.

A company has the following information for the current year:

Current assets	$42,500	Current liabilities	$24,650
Noncurrent assets	224,000	Noncurrent liabilities	173,200
Total assets	$266,500	Retained earnings	19,475
		All other equity	49,175
		Total liabilities and equity	$266,500

Sales revenue is forecasted to grow by 11% next year, forecasted net income is expected to be $30,000, and all current assets and current liabilities vary proportionally with sales. If $45,000 worth of net noncurrent assets are required to be purchased next year, what is the external financing needed? Assume that the company does not pay dividends, and that all noncurrent liabilities and equity (except retained earnings) will be the same level as the current year.

$16,785

$16,964

$17,142

$17,32

$17,499

7. Long-term investments decreased during the year. This is a ___________ of cash reported in the _____________ section of the statement of cash flows.

Use; operating

Source; operating

Use; investing

Source; investing

Use; financing

Source; financing

8. For the current year sales are $1,400,000, current assets are $101,524, and current liabilities are $85,265. If sales are forecasted to increase 15% next year, and all current assets and current liabilities vary proportionally with sales (i.e. they are spontaneous items), what is the forecasted amount of net working capital next year?

$18,698

$18,210

$18,373

$18,535

9. A company has forecasted net income to be $320,000. Net income was $250,000 in the prior year, when they also paid dividends of $100,000. What are forecasted dividends if the company wants to keep the payout ratio constant?

$192,000 $128,000 $78,125 $100,000

10. Using the tax table provided in Figure 10.3, determine the average and marginal tax rates for a company that earned $11 million in taxable income.

Marginal Tax Rate	Taxable Income Portion Subject to That Rate
15%	0$50,000
25%	$50,001$75,000
34%	$75,001$100,000
39%	$100,001$335,000
34%	$335,001$10,000,000
35%	$10,000,001$15,000,000
38%	$15,000,001$18,333,333
35%	$18,333,333+

Average rate = 34.00%; Marginal rate = 35.00%

Average rate = 34.09%; Marginal rate = 35.00%

Average rate = 34.00%; Marginal rate = 34.00%

Average rate = 35.00%; Marginal rate = 34.09%