The Rodriquez Company has sales of $448,000, cost of goods sold of $321,000, depreciation of $21,400, and interest expense of $4,600. The tax rate is 35 percent. What is the times interest earned ratio? 22.96 14.02 3.55 7.01 103 Question 11 3 pts Which one of the following best exemplifies the concept of a marginal tax rate? Stonewall, Inc. paid $6.2 million in taxes last year, Lewis closed his company and as a result received a tax refund based on his tax losses. As the result of opening a new store, the Jones Co. had to pay an additional $1.2 million in taxes. Ester, Inc., pays an average of $.20 in tax on every $1 they earn Alpha Industries pays $2 million more in taxes than their sister company Winslow Enterprises has total assets of $11,700, net working capital of $1,600, owner's equity of $5,000 and long-term debt of $3,500. What is the value of the current assets? $4,600 $4,800 $1,800 $2,100 $7,200 Question 13 3 pts Holbotton, Inc., owes a total of $11,354 in taxes for this year. Their taxable income is $51,609. If Holbotton earns $100 more in income, they will owe an additional $34 in taxes. What is Holbotton's average tax rate on income of $51,709? 39 percent 21 percent 22 percent 35 percent 34 percent