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Eamhardt Driving School's 2017 balance sheet showed net fixed assets of $3.1 million, net working capital of 1 million, and long-term debt of 0.5 million.

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Eamhardt Driving School's 2017 balance sheet showed net fixed assets of $3.1 million, net working capital of 1 million, and long-term debt of 0.5 million. The 2018 balance sheet showed net fixed assets of $3.0 million, net working caplal of 2 million, and long-term debt of 1 million. The company's 2018 income statement showed a depreciation expense of $0.5 million and net income of 1.3 million. What was net capital spending for 2017 ? $2.1 million -50.1 million s0.9 million 50.4 million The Anberlin Co. had $93,000 in 2011 taxable income. Using the rates from the following table, calculate the company's 2011 average income tax rate. 30% 13.5% 18.3\% 16.6% 20.8%

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