A company has net working capital of $2,438, current assets of $6,600, equity

of $22,440, and long-term debt of $10,610. What is the company’s net fixed assets?

For the past year, Momsen, Ltd., had sales of $44,237, interest expense of $2,996, cost of goods sold of $14,734, selling and administrative expense of $10,721, and depreciation of $4,820. If the tax rate was 38 percent, what was the company’s net income?

Thornton, Inc., had taxable income of $128,657 for the year. The company’s marginal tax rate was 35 percent and its average tax rate was 24.2 percent. How much did the company have to pay in taxes for the year?

A company has $614 in inventory, $1,903 in net fixed assets, $288 in accounts receivable, $133 in cash, and $338 in accounts payable. What are the company’s total current assets?

A company has $1,406 in inventory, $4,863 in net fixed assets, $688 in accounts receivable, $314 in cash, $658 in accounts payable, and $5,458 in equity. What is the company’s long-term debt?

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