1.

For the past year, Momsen, Ltd., had sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and administrative expense of $11,481, and depreciation of $5,980. If the tax rate was 35 percent, what was the company's net income?

$6,007

$4,311

$13,041

$8,582

$5,578

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2.

A company has $635 in inventory, $1,930 in net fixed assets, $306 in accounts receivable, $145 in cash, and $362 in accounts payable. What are the company's total current assets?

$1,142

$780

$3,016

$1,086

$1,448