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Question 1 2 pts A is a cash payment to owners. dividend stock certificate of deposit bond reimbursement Applying the Balance Sheet below, how much of the company's profits did shareholders re-invest in this company? Balance Sheet 2019 Common Size ASSETS Cash Accounts Receivable Inventory Total Current Assets $5,594 $3,353 $2,353 $11,300 26.80% 16.10% 11.30% 54.20% $14,400 ($4,848) $9,552 $20,852 69.10% -23.20% 45.80% 100.00% Plant & Equipment Accumulated Depreciation Total Fixed Assets Total Assets LIABILITIES & OWNER'S EQUITY Liabilities Accounts Payable Current Debt Long Term Debt Total Liabilities Owner's Equity Common Stock Retained Earnings Total Equity Total Liabilities & Owners' Equity $2,854 $0 $5,200 $8,054 13.70% 0.00% 24.90% 38.60% $2,313 $10,485 $12,798 $20,852 11.10% 50.30% 61.40% 100.00% $5,200 2.313 $14.400 $10,485 O $8,054 $2,854 Applying the Balance Sheet below, how much did shareholders initially invest in this company? Balance Sheet 2019 Common Size ASSETS Cash Accounts Receivable Inventory Total Current Assets $5,594 $3,353 $2,353 $11,300 26.80% 16.10% 11.30% 54.20% $14,400 ($4,848) $9,552 $20,852 69.10% -23.20% 45.80% 100.00% Plant & Equipment Accumulated Depreciation Total Fixed Assets Total Assets LIABILITIES & OWNER'S EQUITY Liabilities Accounts Payable Current Debt Long Term Debt Total Liabilities Owner's Equity Common Stock Retained Earnings Total Equity Total Liabilities & Owners' Equity $2,854 SO $5,200 $8,054 13.70% 0.00% 24.90% 38.60% $2,313 $10,485 $12,798 $20,852 11.10% 50.30% 61.40% 100.00% 2,313 $2,854 $14.400 $5,200 $10,485 $8,054 Question 20 It is possible to run out of cash and still show a profit on the balance sheet. True False Refer to the Income Statement below. For every dollar of revenue, how many cents resulted in profit? 2019 Size 100.00% 29.70% 49.60% 0.70% 80.00% 20.00% 2.40% Income Statement Total Sales $40,800 Variable Costs Direct Labor $12,138 Direct Material $20,240 Inventory Carrying Costs $282 Total Variable costs $32,660 Gross Margin $8,140 Fixed Costs (Operating Expenses) Depreciation $960 Sales, General & Administrative (SG&A): Research & Development $0 Promotions $1,000 Sales $1,000 Administrative $637 Total Fixed Costs $3,597 Net Margin $4,543 Other Earnings Before Interest & Taxes (EBIT) $4,543 Short Term Interest $0 Long Term Interest $641 Taxes $1,365 Profit Sharing $51 Net Profit (Loss) $2,485 0.00% 2.50% 2.50% 1.60% 8.80% 11.10% 11.10% 0.00% 1.60% 3.30% 0.10% 6.10% 6.1 Cents 2.485 Cents 11.1 Cents 20 Cents 40,800 Cents 8.140 Cents

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