1) Wick Inc., has sales of $889,095.00, operating costs (not
including depreciation) of $320,074.20, depreciation expense of
$124,473.30, interest expense of $62,236.65, and a tax rate of
38.00%. What is the net income for this firm?
a. $237,032.73
b. $237,032.73
c. $145,278.12
d. $168,928.05
2)Given the following Financial Information Answer the following
question:
2017
2018
Cash
3,000
461,305
Accounts Receivable
9,000
9,900
Inventory
5,000
5,500
Prepaid Assets
3,000
3,300
Other Assets
5,000
5,500
Total Current Assets
25,000
485,505
Net PPE...