1. Calculate sales given the following data. Total fixed assets $400,000; long-term liabilities $155,000; total liabilities $280,000; total shareholders' equity $320,000; net working capital turnover 20.

$1,500,000

$1,700,000

$1,900,000

$2,100,000

$2,250,000

2.Calculate the value of total assets given the following information: total equity = $630; total debt ratio = .30.

$189

$375

$527

$750

$900

3.What is the net addition to cash given the information below?

Decrease in inventory = $5,250 Increase in accounts receivable = $7,650 Decrease in net fixed assets = $9,150 Increase in accounts payable = $6,250 Decrease in notes payable = $8,750 Increase in long-term debt = $8,500 Decrease in retained earnings = $1,150 Increase in common stock = $5,550

$11,650

$17,150

$11,650

$17,150

$23,450

4.Calculate depreciation expense given the following information. Interest expense $2,000; times interest earned 5; cash coverage ratio 5.5.

$1,000

$1,200

$1,400

$1,600

$1,800

5.Given the following information, determine the total average tax rate for an Ontario resident earning $100,000 in employment income.

	Tax Rates	Tax Brackets
Federal	15.00%	Up to $43,953
	22.00	43,95487,907
	26.00	87,908136,270
	29.00	136,271 and over
British Columbia	5.05%	Up to $ 40,120
	9.15	40,12180,242
	11.16	80,243150,000
	12.16	150,001220,000
	13.16	220,001 and over

42.16%

37.16%

27.31%

20.05%

15%