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What is the amount of the current assets

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Question 1 - Suppose you are given the following information for Panola Bread: sales=$30,000; costs= $10,000; addition to retained earnings =$4,365; dividends paid =$485; interest expense $1,200; tax rate =30 percent. What is the amount of the depreciation expense?

Question 2 - A firm has $345 in inventory, $942 in fixed assets, $210 in accounts recievables, $320 in accounts payable, and $65 in cash. What is the amount of the current assets?

Reference no: EM132485261

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