Homework Questions

Use this financial statement information to answer the questions below.

Given

$\backslash$table$[[$Yearn$,,,$Yearn$],[,-,9,$Long$-$term debt,$s,1,500],[$$$,250,10,$Imventories,$s,1,650],[$s$,350,11,$Accounts receivable,$$,2,750],[$$$,500,12,$Common stock,$$,5,000],[$$$,550,13,$Operating expenses,$s,9,000],[$s$,550,14,$Sales,$$,10,000],[$s$,1,000,15,$Tax rate,,$40\%$