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36) For the past year, Momsen Limited had sales of $45,602, interest expense of $3,542, cost of goods sold of $15,959, selling and administrative expense

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36) For the past year, Momsen Limited had sales of $45,602, interest expense of $3,542, cost of goods sold of $15,959, selling and administrative expense of $11,386, and depreciation of $5,835. If the tax rate was 25 percent, what was the company's net income? A) $6,660 B) $8,880 C) $5,775 D) $15,200 E) $6,216 37) Girabaldi's Preztels, general partnership, has net sales of $821,300 and costs of $698,500. The depreciation expense is $28,400 and the interest paid is $8,400. What is the amount of the firm's operating cash flow if the tax rate is 21 percent? A) $104,740 B) $104,900 C) $105,240 D) $99,220 E) $97,620 38) Tarik's Used Books has cash of $2,950, inventory of $28,470, fixed assets of $9,860, accounts payable of $11,900, and accounts receivable of $4,660. What is the cash ratio? A) 30 B). 51 C) .25 D) .08 E) 46

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