QUESTION 15 What can a firm do with Net Income? a. Add as a source of NIBIT. b. Add as a source of funds to Retained earnings c. Pay it out to the owners as dividends O d. Pay it out to increase interest charges Both b. and c. QUESTION 16 Net Fixed Assets are Total Fixed Assets plus Current Assets Total Fixed Assets minus this year's depreciation Total Assets minus Accumulated Depreciation Total Fixed Assets minus Accumulated Depreciation