Income statement

Taco Hut for year ending 12-31-2017

sales	2000000
Cost of goods sold	-600000
Operating income	1400000
expense	-120000
Expense	-180000
ebit	1100000
interest	-100000
ebt	1000000
taxes	-250000
Net income	750000

Balance sheet

Taco Hut on 12-31-2017

cash	200,000
accounts receivable	300,000	Mortgage	1,250,000
land	650,000	Preferred equity	0
goodwill	350,000
Net equipment	500,000	Common equity	?
Total assets	[RR1] 2,000,000	Total debt & equity	?

1. What is the tax rate?

2. What percentage of sales is cost of goods sold?

3. What is the interest rate that the company is paying for its debt?

4. How much does Taco Hut have is current assets?

5. What is the common equity?