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Compare the liquidity and solvency of two companies, Company X and Company Y, based on the following financial ratios: Current Ratio: Company X (2.0) vs.
Compare the liquidity and solvency of two companies, Company X and Company Y, based on the following financial ratios:
- Current Ratio: Company X (2.0) vs. Company Y (1.5)
- Debt-to-Equity Ratio: Company X (0.8) vs. Company Y (1.0)
- Quick Ratio: Company X (1.2) vs. Company Y (0.8) Interpret the results and provide insights into the financial health of each company.
- A company has taxable income of $150,000. Determine the marginal tax rate based on the following tax brackets:
- 10% on the first $50,000
- 20% on the next $50,000
- 30% on the remaining income.
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