18 & 19

18. You are evaluating the balance sheet for Benjamin's business. From the balance sheet you find the following balances: cash and marketable securities = $400,000, accounts receivable = $200,000, inventory = $100,000, accrued wages and taxes = $10,000, accounts payable = $300,000, and notes payable = $600,000. What is his net working capital? A. $210,000 B. $700,000 C. 8910,000 D. S1,610,000 19. Migena's 2018 income statement lists the following income and expenses: EBIT = $900,000, interest expense = $85,000, and net income = $570,000. What are the 2018 taxes reported on the income statement? A. $245,000 B. $330,000 c. JS815.000 D. There is not enough information to