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1. Calculate net income from the following given data: sales = $135, cost of goods sold = $40, miscellaneous expenses = $35, depreciation = $20,

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1. Calculate net income from the following given data: sales = $135, cost of goods sold = $40, miscellaneous expenses = $35, depreciation = $20, interest expense = $20, tax rate = 34%. a. $13.20 b. $19.80 c. $20.00 d. $23.10 e. $42.90 2. Which of the following represents decisions regarding Capital structure for a firm? i. Amount of long-term debt to assume. ii. Cost of acquiring funds. iii. Current assets and liabilities. iv. Net working capital. i and ii only b. ii and iii only iii and iv only d. i, ii, and iv only e. i, ili, and iv only a. c. 3. The treasurer and the controller of a corporation likely report to the a. Board of directors. b. Chairman of the board. Chief executive officer. d. President e. Vice president of finance c

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