1. Sammi runs an ultra-small grocery company where he sells the garden produce that he grows in his parents' back yard. For the past year Sammi's financial information is as follows:

Tax rate = 30%; times interest earned = 10.75 times; sales = $4,500; cost of goods sold = $1,600; general and administrative (delivery) expenses = $750.

What was Sammi's net income for the year?

2. The Brady Bedframe Company's performance for the 2021 year was as follows: ROA was 5%, total equity as of December 31st was $600,000, and ROE was 8%.

Calculate the value of Brady's total assets.