At December 31, 2018, total assets were $250,200 and total stockholders' equity was $101,400. There were no changes in notes

payable or paid-in capital during 2019.

A: Calculate the company's average income tax rate. (Hint: You must first determine the earnings before taxes.)

B: Calculate the amount of total current assets.

cash and short-term investments:

account receivable, net:

total current assets:

C: Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company's overall liquidity.

working capital:

current ratio:

the company overall liquidity is:

D: Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019.

ROI:

Margin:

Turnover:

ROE:

E: Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Hint: Do a T-account analysis of retained earnings.)

Dividends declared and paid:

$ 118,200 36,000 21,300 $ 60,900 24,378 10,500 $ 26,022 For the Year Ended December 31, 2019: Net revenues Cost of services provided Depreciation expense Operating income Interest expense Income tax expense Net income At December 31, 2019: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 9,300 30,300 239,400 $ 279,000 $ 4,950 5,250 143,400 30,000 95,400 $ 279,000