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please answer all questions or dont answer at all 22) Southwest Co, has equipment with a book value of $3,560 that could be sold today

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22) Southwest Co, has equipment with a book value of $3,560 that could be sold today for $3,900. Its inventory is valued at $1,780 and could be sold immediately to a competitor at a discount of 25 percent. The firm has $260 in cash and customers owe the firm $950, of which 98 percent is collectible. What is the current market value of the firm's assets? A) 56,086 B) $5,536 C) $6,426 D) $6,316 E) $5,946 23) Martha's Enterprises spent \$4,100 to purchase equipment three years ago. This equipment is currently valued at $2,700 on today's balance sheet but could actually be sold for $3,200. Net working capital is $400 and long-term debt is $2,300. Assuming the equipment is the firm's only fixed asset, what is the book value of shareholders" equity? A) 51,300 B) $800 C) $1,600 D) 51,900 E) $2,200 24) Mart's Boutique has sales of $820,000 and costs of $540,000. Interest expense is $36,000 and depreciation is $59,000. The tax rate is 21 percent. What is the net incone? A) $221,200 B) $146,150 C) $105,000 D) $179,250 E) $139,050 25) The accounting statement of cash flows consists of the cash flows from: A) operations, investing activities, and financing activities. B) operations, investing activities, and divesting activities. C) internal activities, external activities, and financing activities. D) balance sheet accounts only. E) income statement accounts only. 26) One of the reasons why cash flow analysis is popular is because: A) cash flows are more subjective than net income. B) deferred taxes require future cash payment. C) cash flows are strictly defined by Generally Accepted Accounting Principles (GAAP). D) it is difficult to manipulate, or spin the cash flows. E) operating cash flows are found on the income statement

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