Builtrite Company had sales of $600,000 with operating expenses of $150,000 and costs of goods sold of $180,000. Interest expense amounted to $40,000 and $50,000 in common stock dividends were received. Common stock, which had been purchased eight months earlier for $20,000 was sold for $30,000. Calculate BuiltriteTMs taxable income. $165,000 $215,000 $255,000 $345,000 $395,000 For a firm that wants to know its ability to meet short-term obligations, which kind of ratio should be used? valuation profitability activity leverage liquidity