Step by step instructions for 1720 Show the mathematical ste

17. Plase refer to Table 3-1 for the following questions Table 3-1 Jones Compamy December 2009 2010 counts receivable Paid-in capital Accounts payable Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and these was no change in interest payable or taxes payable) ?, s2.xo )53,500 18. Given the following financial statements for ARGON Corporation, what is the company\'s after-tax cash flow fromaperatiens? Year Ended 12/31/10 Cost of Goods Operating $1.30000 Current Ast 0.0 Fixed Assets $430.000 Total Asss $480 730 200.000 BIT Current Lia nterest Expense term BT Taxes Net Income 80,00 110,000 12000 Total Liaslities Equ FINA 3770 $10,000 B) 5270,000 )5120,000 D) 5295,000 19. A firm paid dividends of S10000, paid interest of $20.000, reduced debt principal outstanding (paid off debt) in the amount of 5100,000, and sold new stock for $150000 What was the firm\'s cash flow from financing activities? $20,000 (520,000 flowed into the firm) 520000 (520,000 flowed out of the firm) C)+$280,000($280,000 flowed into the firm) D)-5280,000 (5280,000 flowed out of the firm) 20. Siskiyou Corp, has cash of $75,000, short-term notes payable of $100,000, accounts receivables of $275,000; accounts payable of $135,000 inventories of $350,000, and rued expenses of $75,000. What is the firm\'s net working capital? 390,000 $175,000 C) 5700,000 D) $21000

Solution

17)

Retained earnings, Dec 2009	$ 1,500
Add: Net income	$ 4,000
Less: Retained earnings, Dec 2010	$ 3,500
Dividends paid	$ 2,000