USE THE DATA IN THE TABLE BELOW TO ANSWER QUESTIONS 19 24

PLEASE ANSWER ANSWERS CLEARLY LABELED WITH QUESTION AND ANSWER!!!!!!! THANK YOU!!!!!

(Assume all account figures are in dollars)

Lemark Productions	2015	2016
Accounts payable	350	380
Accounts receivable, net	1,660	1,520
Accruals	165	280
Cash	85	160
Common stock	1,660	1,400
Cost of goods sold	4,100	4,750
Depreciation expenses	400	560
Interest expenses	290	300
Inventory	4,390	4,050
Long-term debt	4,500	4,150
Net fixed assets	6,940	7,180
Net sales	7,950	8,980
Notes payable	600	740
Operating expenses (excl. depreciatio2n,)130		2,210
Retained earnings	5,800	5,960
Taxes	390	410

19. Gross Profit for 2016 is $________.

20. The times interest earned ratio for 2015 is ____X. 21. ROE for 2016 is _____%. 22. Cash flow from operating activities in 2016 is $ _______. 23. Cash flow from investing activities in 2016 is $ _________. 24. Cash flow from financing activities in 2016 is $ _________.

USE THE INFORMATION BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS

Mellon Company
Balance Sheet
For the Years Ending December 31, 2015 and 2016
(All figures in dollars)
	2015		2016
Cash	1,800		1,820
Account receivable	3,990		4,210
Inventory	10,300		9,450
Total current assets	16,090		15,480
Gross fixed assets	55,400		63,840
(Accumulated depreciation)	(9,780)		(11,050)
Net fixed assets	45,620		52,790
Total assets	61,710		68,270
Notes payable	700		1,000
Accounts payable	2,260		4,150
Accruals	1,610		1,800
Current portion of LT debt	470		1,730
Total current liabilities	5,040		8,680
Lont-term debt	37,750		34,790
Common stock	1,150		1,500
Paid in capital	4,980		9,460
Retained earnings	12,790		13,840
Total liabilities and equity	61,710		68,270
Additional Data from 2016 Income Statement:
Sales in 2016			238,000
Net income in 2016			9,980

25. Calculate the Cash flows from operating activities for 2016. 26. Calculate the Cash flows from investing activities for 2016. 27. Calculate the Cash flows from financing activities for 2016.