Check my wor DeBauge Realtors Inc. is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: $ 142 61 30 $ 51 9 18 $ 24 For the Year Ended December 31, 2019: Commissions revenue Cost of services provided Advertising 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) $ 33 43 122 $ 198 $ 90 9 50 Check my work Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity 50 23 26 $ 198 At December 31, 2018, total assets were $203 and total stockholders' equity was $49. There were no changes in notes payable or paid-in capital during 2019. Required: s a. What particular expense do you suppose accounts for the largest portion of the $61 cost of services provided? b. The cost of services provided amount includes all operating expenses (ie, selling, general, and administrative expenses) except advertising expense. What do you suppose the primary reason was for DeBauge Realtors Inc. to separate advertising from other operating expenses? c. Calculate the effective interest rate on the notes payable for DeBauge Realtors Inc. d. Calculate the company's average income tax rate. (Hint: You must first determine the earnings before taxes.) e. Calculate the amount of dividends declared and paid to Jeff and Kristi DeBauge during the year ended December 31, 2019 (Hint: Do a T-account analysis of retained earnings.) What is the company's dividend policy? (What proportion of the company's earnings are distributed as dividends?) f. DeBauge Realtors Inc. was organized and operates as a corporation rather than a partnership. What is the primary advantage of the corporate form of business to a realty firm? What is the primary disadvantage of the corporate form? Saved Not syncing Help Save & Exit Submit Check my work earnings are distributed as dividends?) f. DeBauge Realtors Inc. was organized and operates as a corporation rather than a partnership. What is the primary advantage of the corporate form of business to a realty firm? What is the primary disadvantage of the corporate form? h. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company's overall liquidity. i. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019. Required a Required B Required c and D Required El Required E2 Required F1 Required F2 Required H1 Required H2 Required I Required A What par UTOT - pense do you suppose ccounts for the largest portion of the $177 cost of services provided? Commissions expense Advertising expense Interest expense Required B > tps%253A%252F%252FI... Saved Not syncing Help Save & Exit Submit earnings are distributed as dividends?) f. DeBauge Realtors Inc. was organized and operates as a corporation rather than a partnership. What is the primary advantage of the corporate form of business to a realty firm? What is the primary disadvantage of the corporate form? h. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company's overall liquidity. i. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019. Check my work Required A Required B Required C and D Required E1 Required E2 Required F1 Required F2 Required H1 Required H2 Required I c. Calculate the effective interest rate on the notes payable for DeBauge Realtors Inc. d. Calculate the company's average income tax rate. (Hint: You must first determine the earnings before taxes.) (Enter your percentage answer to the nearest whole number.) Show less C. Effective interest rate d. 18 % Average income tax rate 43 % Required B Required E1 Saved Not syncing Help 1 Save & Exit Submit Check my work earnings are distributed as dividends?) f. DeBauge Realtors Inc. was organized and operates as a corporation rather than a partnership. What is the primary advantage of the corporate form of business to a realty firm? What is the primary disadvantage of the corporate form? h. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the company's overall liquidity. i. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019. K Required A Required B Required a and D Required E1 Required E2 Required F1 Required F2 Required Hi Required H2 Required I es Calculate the amount of dividends declared and paid to Jeff and Kristi DeBauge during the year ended December 31, 2019. (Hint: Do a T-account analysis of retained earnings.) (Amounts should be entered in the full amount and not in 000s. (Example.enter 20,000 and not 20). Since dividends are a deduction from retained earnings, enter the amount of dividends with a minus sign.) Show less Dividends declared and paid in 2019 27,000