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