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a share. Today, you sold all of your shares for $45.13 per share. What
is the total amount of your capital gains on this investment?

10.Which one of these accounts is classified as a current asset on the
balance sheet?

11.Shelton, Inc., has sales of $395,000, costs of $183,000,
depreciation expense of $48,000, interest expense of $29,000, and a
tax rate of 40 percent. (Do not round intermediate calculations.)

What is the net income for the firm?

12.On a balance sheet, deferred taxes are classified as:

13. Which one of these equations is an accurate expression of the
balance sheet?

14.Galaxy United, Inc.
2009 Income Statement

15. The Purple Martin has annual sales of $4,600, total debt of
$1,230, total equity of $2,500, and a profit margin of 6 percent. What
is the return on assets?