Barrington Enterprises earned $4.5 million in taxable income (earnings before taxes) during its most recent year of operations. Use the corporate tax rates shown in the popup window, LOADING... , to calculate the firm's tax liability for the year. What are the firm's average and marginal tax rates? The firm's tax liability for the year is:??(Round to the nearest dollar.)

Kabutell, Inc. had net income of $800,000, cash flow from financing activities of $90,000, depreciation expenses of $80,000,and cash flow from operating activities of $650,000.

a.Calculate the quality of earnings ratio. What does this ratio tell you?

b.Kabutell, Inc. reported the following in its annual reports for

20112013:

($ million)	2011	2012	2013
Cash Flow from Operations	$476476	$401401	$471471
Capital Expenditures (CAPEX)	$460460	$446446	$455455

Calculate the average capital acquisitions ratio over the three-year period. How would you interpret these results?