AaBbCcDdE AaBbCcDdEe AaBbCcDdEe AaBbCcDdEe Aa BbCcDc AaBbCcDdE Body Text List Paragraph No Spacing Table Paragr... Heading 1 Heading 2 Use the following selected financial information for Wilcox Corporation to answer questions 31-35. T 31. How much did retained earnings increase over the period? Write out your calculation with your answer. T 32. Calculate cost of goods sold: T T 33. Calculate total stockholders' equity: 34. What is Wilcox's effective income tax rate? Write out your calculation with your answer. T T 35. What is Wilcox's return on equity? Write out your calculation with your answer. I T Extra credit: Explain why interest expense for the year is equal to $40 and cash paid for interest in the year is $10.9 Page Break 61 of Payments dividends cash $ 209 Cash paid for interest Wilcoxon's Financial Statements for the Year Ended December 31, 2015 of Payments dividends cash $ 205 5 Net sales11 Cost of goods sold1 Gross profit Operating expenses Operating profit Interest expenset Earnings before taxes Income tax expenset Net profit $2,87011 M $ 8851H 620111 S 265H 40181 $ 22511 8041 S. 145.11 Cash paid for interest Cash paid for income taxes $ 109 $ 755 11 Assets Current assets Cash1 Short-term investments Accounts receivable Inventory Total current assets Liabilities and stockholders' equity Current liabilities $ 2571 Accounts payable 1541 Accrued liabilities 7011 Total current liabilities 150M Long-term debtH Total liabilities S8SH 45H 130AM 2401 3701111 26011 Long-term assets 1 Net PPEN Goodwillet 39011 21011 Stockholders' equity Common stock and PICH Retained earnings Total stockholders' equity Total liabilities and equity 80H 41011 M $860 H Total assets 5 $86041 I Cash from operating activities $150 Investing activities: Capital expenditures Acquisitions S 60T $ 109 Financing activities: Proceeds from long-term borrowing $ 507 Payments on long-term borrowing S 25 75 7 of B 1482 Words English (US)