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Texas A&M University, -Commerce ORGL 3311 1

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Texas A&M University, -Commerce

ORGL 3311

1.) A company had revenue of $823,564 last year. Its cost of goods sold were 55% of sales, it had depreciation expenses of $68,733, and interest expenses of $45,791. If the company’s tax rate is 35%, what was its earnings before taxes?

A) $341,629

 

B) $256,080 C) $301,871

D) $296,066

E) $278,617

2.) Last year, a company’s retained earnings were $537,623. Net income this year was $125,771 and its current retained earnings are $601,554. What amount of dividends did the company pay this year?

A)           $68,873

B)            $92,413

 

C)            $61,840 D)           $14,321

E)            $47,783

3.) An increase in notes payable                cash and a decrease in common stock    cash.

A)           Increases, increases

B)            Decreases, increases

 

C)            Increases, decreases

D)           Insufficient information

E)            Decreases, decreases

4.) A company had earnings before interest, taxes, depreciation, and amortization of $328,669, its tax rate is 32%, its interest expense was $39,529, and its depreciation and amortization expense was

$42,982. What was the company’s net operating profit after taxes?

A)           $184,882

B)            $189,811

 

C)            $194,267 D)         $173,324

E)            $178,728

 

5.) A company had sales of $3,043,986 last year. Its cost of goods sold were 64% of sales, it had depreciation expenses of $201,529, and interest expenses of $113,609. If the company’s tax rate is 39%, what was its earnings?

A)           $507,239

B)            $410,347

C)            $622,916

D)           $399,436

 

E)            $476,225

6.) A company’s cost of goods sold is 64% of sales and its depreciation and amortization expenses are

$98,000. Furthermore, its tax rate is 31% and its interest expense is $75,000. What must the company’s sales be for it to have earnings of $400,000?

 

A)           $2,090,862 B)     $2,153,535

C)            $2,211,744

D)           $1,987,733

E)            $2,052,323

7.) A company has earnings before interest and taxes of $671,551, a tax rate of 34%, interest expense of

$107,393, and depreciation expense of $125,193. What is the company’s operating cash flow?

 

A)           $568,417 B)         $618,741

C)            $692,736

D)           $485,789

E)            $539,227

8.) A company had net operating profit after tax of $689,226 last year. Depreciation expenses were

$127,963, capital expenditures were $105,657, and net working capital increased by $41,722. What was the company’s free cash flow?

A)           $647,983

B)            $712,741

 

C)            $669,810 D)         $524,516

E)            $613,884

 

9.) A company’s liabilities total $468,538 and its equity totals $365,003. What is the amount of the company’s assets?

A)           $789,321

B)            $862,407

C)            $871,933

D)           $828,851

 

E)            $833,541

10.) A company had total cash flow of $457,773, cash flow from operating activities of $136,772, and cash flow from financing activities of -$104,348. What was the company’s cash flow from investing activities?

A)           $248,334

B)            $561,698

 

C)            $425,349 D)         $189,783

E)            $373,291