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| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1.       Building a Balance Sheet   Penguin Pucks, Inc., has current assets of
$4,800, net fixed assets of $27,500, current liabilities of $4,200, and long-term debt of $10,500. What is the value of the shareholders’ equity account for this firm?
How much is net working capital?
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Q26
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Building an Income Statement   Billy’s Exterminators, Inc., has sales of
$734,000, costs of $315,000, depreciation expense of $48,000, interest expense of
$35,000, and a tax rate of 35 percent. What is the net income for this firm?
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