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1. Barbell Corporation’s income statement reports that the company’s “bottom line” was $180,000 in 2010. The statement also shows that the company has depreciation and amortization expenses equal to $50,000 and taxes equal to $120,000. What was Barbell’s net cash flow?

2. At the end of the year, CWP’s balance sheet showed that total assets were $500,000. At the same time, its return on assets (ROA) was 6 percent and its return on equity (ROE) was 8 percent. Compute CWP’s (a) net income for the year and (b) amount of common equity on the balance sheet. CWP has no preferred stock.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9431178

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