Question 1 1 pts Lifeline, Inc., has sales of $738,038, costs of $258,326, depreciation expense of $38,245, interest expense of $32,155, and a tax rate of 32 percent. What is the net income for this form? (Hint: Build the Income Statement) D Question 2 1 pts Arredondo, Inc., has current assets of $1,685, net fixed assets of $6,447, current liabilities of $765, and long-term debt of $398. What is the value of the shareholders' equity account for this firm? (Hint: Build the Balance Sheet) Arredondo, Inc., has current assets of $939.net fixed assets of $19,458, current liabilities of $3,775, and long-term debt of $7,745. How much is net working capital? The SGS Co. had $263,597 in taxable income. Using the rates from the table below, calculate the company's income taxes. What is the average tax rate? Enter your answer with 4 decimals (e.g. 0.12345). (If the table doesn't display, use Table 2.3 from page 32 in the book). The SGS Co. had $180,017 in taxable income. Using the rates from the table below, calculate the company's income taxes. What is the marginal tax rate? Enter your answer with 2 decimals (e.e. 0.12). (If the table doesn't display, use Table 2.3 from page 31 in the book) Hammett, Inc., has sales of $66,116, costs of $20,248, depreciation expense of $6,369, and interest expense of $3,023. If the tax rate is 29 percent, what is the operating cash flow, or OCE? Rotweiler Obedience School's December 31, 2009, balance sheet showed net fixed assets of $1,095,686, and the December 31, 2010, balance sheet showed net fixed assets of $2,095,107. The company's 2010 income statement showed a depreciation expense of $185,291. What was Rotweiler's net capital spending for 2010? The December 31, 2009, balance sheet of Anna's Tennis Shop, Inc., showed current assets of $1,749 and current liabilities of $1,109. The December 31, 2010, balance sheet showed current assets of $2,029 and current liabilities of $1,104. What was the company's 2010 change in net working capital, or NWC? Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales = $92,453; costs = $65,218; addition to retained earnings = $137; dividends paid = $225; interest expense - $1,456; tax rate = 30 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.) Refer to the Tax Rate Table below for Table 2.3 on page 31 in the book). Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $108,030. How much in additional taxes will Corporation Growth 12