What is the amount of the firm net fixed assets

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Q1. During the year, the Senbet Discount Tire Company had gross sales of $1.21 million. The company's cost of goods sold and selling expenses were $540,000 and $230,000, respectively. The company also had debt of $950,000, which carried an interest rate of 5 percent. Depreciation was $145,000. The tax rate was 35 percent. What was the company's net income? What was the company's operating cash flow?

Q2. The Arkham Company has a ratio of long-term debt to long-term debt plus equity of .27 and a current ratio of 1.3. Current liabilities are $830, sales are $6,250, profit margin is 8.6 percent, and ROE is 18.8 percent. What is the amount of the firm's net fixed assets?

Reference no: EM132960002

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