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?
16. Galaxy United, Inc. 2009 Income Statement
17. Reliable Cars has sales of $ 3,850, total assets of $ 3,350, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
18. A firm has net working capital of $ 344, net fixed assets of $ 2,292, sales of $ 6,000, and current liabilities of $ 800. How many dollars worth of sales are generated from every $ 1 in total assets?
19. One of the primary weaknesses of many financial planning models is that they: ignore the goals and objectives of senior management.
20. The external funds needed( EFN) equation projects the addition to retained earnings as:
21. Which account is least apt to vary directly with sales? accounts payable inventory