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3. The following question(s) refer to the year-end account balances for AnyCo. Inc. (Note that the accounts are listed in alphabetical order, and NOT as

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3. The following question(s) refer to the year-end account balances for AnyCo. Inc. (Note that the accounts are listed in alphabetical order, and NOT as they appear on their financial statements.) Their applicable tax rate for this example is 40%. AnyCo Income Statement 330 35 Cost of Goods Sold Depreciation Expense Interest Expense Operating Expense (excluding depreciation) Sales Tax 20 115 600 ??? AnyCo Balance Sheet 35 Accounts Payable Accounts Receivable Accruals Accumulated Depreciation Cash Common Stock Fixed Assets (gross) Inventory Long Term Debt Retained Earnings (175) 35 135 200 [Each answer below is worth 1 point] a) What was AnyCo Inc.'s earnings before interest and taxes (EBIT)? a $155 b. $120 C. $100 d. $215 e. $200 b) What is AnyCo Inc.'s tax liability? a $48 b. $60 c. $55 d. $40 e. $35 c) What was Amy Co Inc.'s Net Income? a $72 b. $45 c. $60 d. (520) e $100 d) What is AnyCo Inc.'s Total Assets? a $420 b. $570 C. $625 d. $450 e $490 e) What is AnyCo Inc.'s Total Equity? a. $115 b. $120 c. $185 d. $205 e. $240 f) What is AnvCo Inc.'s Net Working Capital? a $35 b. $70 C. $100 d. $130 e $170

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