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QUESTION 1 Construct a Balance Sheet for JR's Jigsaws given the following data. Remember to calculate Shareholders' Equity! Cash $20,000 Inventory of Jigsaws Store and Property $200,000 $400,000 Accounts Receivable $44,000 Accounts Payable $34,000 Long Term Debt $340,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). T Arial 3 (12pt) TE T Path: p QUESTION 2 JR's Jigsaws had Sales of $20,000 in the current year. The Cost of Goods Sold was $13,000, General and Administrative Expenses were $2,000 Interest Expenses were $1,000 Depreciation was $2,000 The firm's Tax Rate is 35% a) What is Earnings Before Interest and Taxes? DO NOT USE DOLLAR SIGNS IN YOUR ANSWERS! b) What is Net Income? DO NOT USE DOLLAR SIGNS IN YOUR ANSWERS! QUESTION 3 You have the followina choice: Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save W em Type here to search QUESTION 3 You have the following choice: You can receive $1,000 today or $1,100 in one year The annual interest rate is 8% Which should you choose? O a. 1,000 today Ob. 1,100 in one year O c. There is not enough information to choose O d. Neither. You don't want or need the money Click Save and Submit to save and submit. Click Save All Answers to save all answers. W Type here to search