The revenues of Lev Company were \(\$ 1,000\) for the year. A financial analyst computed the following ratios for Lev Company using the year-end balances for balance sheet amounts.

From this information, compute each of the following items.
a Interest expense.
b Income tax expense.
c Total expenses.
d Net income.
e Total assets.
f Total liabilities.

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Debt/Equity Ratio (all liabilities/all equities). 731% Income Tax Expense as a Percentage of Pretax Income 40% Income as a Percentage of Revenue Rate of Return on Shareholders' Equity 12% 10% Rate of Return on Assets.. 6%