Question 17 Laser Performance Inc. has the following information available (amount in thousands). Net Income Average Total Liabilities Average Current Liabilities Cash Provided by Operations Cash Sales Capital Expenditures Dividends Paid
$30,000 80,000 36,000 48,000 130,000 22,000 6,000
What is the current cash debt coverage? Question 18 Which of the following income statement figures would probably be the best indicator of a company‘s future performance? Question 19 Which one of the following is not a benefit of budgeting? Question 20 The single most important output in preparing financial budgets is the Question 21 Zoum Corporation had the following transactions during 2014: 1 - Issued $125,000 of par value common stock for cash. 2 - Recorded and paid wages expense of $60,000. 3 - Acquired land by issuing common stock of par value $50,000. 4 - Declared and paid a cash dividend of $10,000. 5 - Sold a long-term investment (cost $3,000) for cash of $3,000. 6 - Recorded cash sales of $400,000. 7 - Bought inventory for cash of $160,000.