A corporations pretax net income of $1,000,000 is taxable based on 30% of the first $400,000, 35% of the next $400,000, and 40% of the balance:

What is the corporations average tax rate? (Show calculation)

What is the corporations marginal tax rate?

A firms balance sheet contains $320 of cash, $2,000 of fixed assets, $1,580 of accounts receivable, $840 of accounts payable, $500 of inventory, and $1,060 on a revolving line of credit. Assuming that list contains all of the companys assets and liabilities:

How much are current assets? (Show calculation)

What is the companys quick ratio? (Show calculation)

What is the companys book value? (Show calculation)