Show your work for full credit 1. (1pt) Assume you are a single filer with $100,000 in taxable income. Calculate your income taxes using the 2022 federal income tax brackets (Table 1 in Slide 2-21). What is the average tax rate? What is the marginal tax rate? Which tax rate is used for decision making? 2. (1pt) Explain the difference between book value and market value. Give an example of when a book value and market value are significantly different for a (1) current asset and (2) fixed asset. 3. (1pt) Allen Inc., has a total debt ratio of 0.2. What is its debt-equity ratio? What is its equity multiplier? 4. (1pt) Remi, Inc., has sales of $20 million, total assets of $10 million, and total debt of $4 million. If the profit margin is 10 percent, what is net income? What is ROA? What is ROE? 5. (1pt) Bebaflex Corporation has ending inventory of $500,000 and cost of goods sold for the year just ended was $2,000,000. What is the inventory turnover? The days' sales in inventory? How long on average did a unit of inventory sit on the shelf before it was sold? 6. (2pts) Rossdale, Inc. had additions to retained earnings for the year just ended of $400,000. The firm paid out $100,000 in cash dividends, and it has ending total equity of $7 million. If the company currently has 500,000 shares of common stock outstanding, what are the earnings per share? Dividends per share? What is book value per share? If the stock currently sells for $40 per share, what is the market-to-book ratio? The price-earnings ratio? If total sales were $15 million, what is the price-sales ratio? 7. (2pts) Fully explain the kind of information the following financial ratios provide about a firm: a. Quick ratio b. Cash ratio C. Capital intensity ratio d. Times interest earned ratio e. Return on assets f. Price-earnings ratio 8. (1pts) Explain the importance of each component of the DuPont Identity (return on equity, profit margin, total asset turnover, equity multiplier). A complete answer should require approximately 1-2 sentences for each term