UBUS Income Statement

Cost of Goods Sold	330
Depreciation Expense	35
Interest Expense	20
Operating Expense (excluding depreciation)	115
Sales	600
Tax	???

UBUS Balance Sheet

Accounts Payable : 35

Accounts Receivable : 65

Accruals: 30

Accumulated Depreciation : (175)

Cash: 35

Common Stock: 120

Fixed Assets (gross) :390

Inventory: 135

Long Term Debt: 200

Retained Earnings: 65

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?