The founder ARC did ato new technology. He then formed corporation production plant. He believes that he con tou t le patated this P B1010 15.00 D 1000 11. Butterfly Tractors had in s ta g ood old was . million, depreciation expense wat million interest payment on auttando debe S million and the state What ther's net incos A. 1.95 60 C00 D 50 12. Sheryl's Shipping had sales last year of $15.000. The cost of goods sold was $6,500, general and administrative expenses were $1.000. Interest expenses were 5500, and depreciation was $1,000. The firm's tax rate is 35. What are earnings before interest and taxes (EBIT)? A 1.500 B. 6,500 C. 6.000 D. 3.000 13. Which one of these will increase a firm's cash balance? A. An increase in inventory B. A decrease in accounts payable C. An issue of debt securities D. Purchase of new equipment 14. What would be the average tax rates for a married couple with taxable income of S100,000? Table Income 0.9.275 9677850 37651- 150 91.151010 190.151-413.350 13541505 415.051 and above 55100 7201-1500 1511-2315 231451-413.350 4111 466.951 and above A. 16.54% B. 12.0% B. 14.5% C. 15.6%