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1.) A firm has a Debt to Equity ratio of 3. What is the firm's Debt ratio? 2.) If your corporation has taxable income of

1.) A firm has a Debt to Equity ratio of 3. What is the firm's Debt ratio? 2.) If your corporation has taxable income of $50,000 then how much will it pay in taxes? 3.) Your firm has EBT of $120,000, all is which is considered taxable income. What is the firm's net income? 4.) A firm has a ROA of 10% and a debt ratio of 75%. The firm has sales of $50,000 and net income of $20,000. How much equity does the firm have?

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