Texas A&M University, -Commerce ORGL 3311 Exam 1 1)A company had earnings before interest, taxes, depreciation, and amortization of $413,134, its tax rate is 30%, its interest expense was $83,077, and its depreciation and amortization expense was $63,222

Texas A&M University, -Commerce

ORGL 3311

Exam 1

1)A company had earnings before interest, taxes, depreciation, and amortization of $413,134, its tax rate is 30%, its interest expense was $83,077, and its depreciation and amortization expense was $63,222. What was the company’s earnings before taxes?

A)           $286,784

B)            $317,614

C)            $334,938

D)           $349,912

E)            $266,835

2.            Last year, a company’s retained earnings were $692,113. Net income this year was $105,427 and it paid $54,792 in dividends. What are the company’s current retained earnings?

A)           $742,748 B)         $754,261

C)            $768,273

D)           $774,491

E)            $738,383

3.            An increase in accounts receivable           cash and an increase in common stock   cash.

a.            Increases, increases

b.            Decreases, increases

c.             Increases, decreases

d.            Insufficient information

e.            Decreases, decreases

4.            A company had revenue of $2,123,564 last year. Its cost of goods sold were 60% of sales, it had depreciation expenses of $98,783, and interest expenses of $66,731. If the company’s tax rate is 40%, what was its net operating profit after taxes?

A)           $410,347

B)            $450,386 C)         $641,967

D)           $399,436

E)            $578,633

5.            A company had revenue of $2,123,564 last year. Its cost of goods sold were 60% of sales, it had depreciation expenses of $98,783, and interest expenses of $66,731. If the company’s tax rate is 40%, what was its earnings?

A)           $523,679

B)            $410,347 C)         $641,967

D)           $399,436

E)            $578,633

6.            A company’s cost of goods sold is 71% of sales and its depreciation and amortization expenses are

$145,500. Furthermore, its tax rate is 33% and its interest expense is $105,000. What must the company’s sales be for it to have earnings of $450,000?

A)           $3,090,862

B)            $3,179,800 C)     $3,211,744

D)           $2,987,700

E)            $3,052,320

7.            A company had earnings before interest, taxes, depreciation, and amortization of $368,134, its tax rate is 42%, its interest expense was $34,778, and its depreciation and amortization expense was $73,032. What was the company’s operating cash flow?

A)           $247,484

B)            $250,613

C)            $244,191 D)         $257,021

E)            $286,550

8.            A company had operating cash flow of $1,135,836 last year and its net income was $465,826. Capital expenditures were $355,997 and net working capital increased by $90,566. What was the company’s free cash flow?

A)           $792,002

B)            $689,273 C)         $637,103

D)           $737,916

E)            $702,883

9.            A company’s equity totals $453,543 and its assets total $936,556. What is the amount of the company’s liabilities?

A)           $483,013 B)         $467,831

C)            $478,557

D)           $448,263

E)            $455,378

10.          A company had cash flow from operating activities of $236,442, cash flow from financing activities of

$84,454, and cash flow from investing activities of $147,994. What was the company’s total cash flow?

A)           $448,834

B)            $512,287

C)            $561,097

D)           $488,003

E)            $468,890