Question
1. Bear Tracks, Inc., has current assets of $4,320, net fixed assets of $11,750, current liabilities of $1,425, and long-term debt of $9,130. What is
1. Bear Tracks, Inc., has current assets of $4,320, net fixed assets of $11,750, current liabilities of $1,425, and long-term debt of $9,130.
What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
2. Poseidon, Inc., has current assets of $4,820, net fixed assets of $15,750, current liabilities of $2,525, and long-term debt of $5,130.
How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
3. Pharrell, Inc., has sales of $721,000, costs of $315,000, depreciation expense of $72,000, interest expense of $36,000, and a tax rate of 34 percent.
What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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