23. Collin Krafts has sales of $820,000 and costs of $530,000. Interest expense is $35,000. The tax rate is 34% and the tax amount is $71,400. What is the amount of the depreciation expense if that is the only remaining expense on the statement of comprehensive incorne? A. $37,500 B. $38,000 c. $45,000 of a 24. The treasurer can be defined as the person who is generally responsible for overseeing the firm A. Financial Planning B. Data processing functions. C. Cost accounting I 25) A weakness of the current ratio is (a) the difficulty of the calculation. (b) that it doesn't take into account the composition of the current assets. (c) that it is rarely used by sophisticated analysts. (d) that it can be expressed as a percentage, as a rate, or as a proportion. 26) Assume a firm's current ratio equals 4.1. Which of the following actions would increase it? a. Discarding and writing off spoiled inventory, b. Receiving a full cash payment on an account receivable. C. Paying off a short-term bank loan with the proceeds from new long-term debt. d. Purchasing new fixed assets using the proceeds from a new stock issue. e. Buying inventory on credit, thereby increasing accounts payable