11. Red Hawk, Inc., is obligated to pay its creditors $6,200 during the year. (Leave no cells blank - be certain to enter "0" wherever required.)

a. What is the market value of the shareholders equity if assets have a market value of $8,300? (Do not round intermediate calculations.)

Market value $ ____________

b. What is the market value of the shareholders equity if assets equal $5,600? (Do not round intermediate calculations.)

Market value $____________

15. Y3K, Inc., has sales of $6,319, total assets of $2,935, and a debtequity ratio of 1.30. If its return on equity is 14 percent, what is its net income? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Net income $ ___________