Brad's Company has equipment with a book value of $500 that could be sold today at a 50%discount. Its inventory is valued at $450 and could be sold to a competitor for that amount. The firm has $100 in cash and customers owe it $250. What is the accounting value of its liquid assets?

4. Calculate net income based on the following information. Sales are $250, cost of goods sold is$160, depreciation expense is $35, interest paid is $20, and the tax rate is 34%.