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School

University of Massachusetts, Lowell *

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Course

6010

Subject

Finance

Date

Apr 3, 2024

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Pages

1

Uploaded by AgentCrocodile4121

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Question 5 0.86 out of 0.86 points Use the following information for this and the next four questions. FINA 5010 OL 8W2 084 Fundamentals of Finance 2024 Spring 5 Inc. for the last year: Sales $26,500 Cost of goods sold 18,850 Depreciation expense 2,900 Interest expense 400 Selling, general, and administrative expense 250 Dividends paid 16,000 New debt issued 500 Beginning Net fixed assets $12,400 Beginning Current assets 2,600 Beginning Current liabilities 2,250 Ending Net fixed assets $15,250 Ending Current assets 3,890 Ending Current liabilities 2,650 Tax rate 40% What was its last year’s net income? Selected Answer: D. 2,460 Question 6 0.86 out of 0.86 points What was the TG Inc.’s operating cash flow last year? Selected Answer: c.5,760 Question 7 0.86 out of 0.86 points What was the TG Inc.’s cash flow from assets last year? Selected Answer: D. (880)
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