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The following question(s) refer to the year-end account balances for UBUS, Inc. The accounts are listed in alphabetical order, NOT in the order they appear

The following question(s) refer to the year-end account balances for UBUS, Inc. The accounts are listed in alphabetical order, NOT in the order they appear on the financial statements. Amounts are in millions of dollars. The applicable tax rate is 35%.

Cost of Goods Sold

335

Depreciation Expense

30

Interest Expense

20

Operating Expense (excluding depreciation)

115

Sales

600

Tax

???

Accounts Payable

35

Accounts Receivable

65

Accruals

30

Accumulated Depreciation

(175)

Cash

35

Common Stock

120

Fixed Assets (gross)

385

Inventory

135

Long Term Debt

200

Retained Earnings

60

___________________________

__

a) What was UBUS Inc.'s earnings before interest and taxes (EBIT)? ____________

b) What is UBUS Inc.'s tax liability? __________

c) What was UBUS Inc.'s Net Income? __________

d) What is UBUS Inc.'s Total Assets? ___________

e) What is UBUS Inc.'s Total Equity? ____________

f) What is UBUS Inc.'s Net Working Capital? ____________

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