1. Calculate the effective interest rate on the notes payable for DeBauge Realtors Inc.
2. Calculate the company's average income tax rate. (Hint: You must first determine the earnings before taxes.)
3. Calculate the amount of dividends declared and paid to Jeff and Kristi DeBauge during the year ended December 31, 2019. (Hint: Do a T-account analysis of retained earnings.) What is the companys dividend policy? (What proportion of the companys earnings are distributed as dividends?) (Amounts should be entered in the full amount and not in 000s. (Example - enter 20,000 and not 20). Since dividends are a deduction from retained earnings, enter the amount of dividends with a minus sign.)
4. Calculate the amount of working capital and the current ratio at December 31, 2019. Assess the companys overall liquidity. (Negative amount should be indicated by a minus sign. Amounts should be entered in the full amount and not in 000s. (Example - enter 20,000 and not 20). Round your ratio answer to 2 decimal places.)
5. Calculate ROI (including margin and turnover) and ROE for the year ended December 31, 2019.

DeBauge Realtors Inc. is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: $ 145 58 29 $ 58 5 15 $ 38 For the Year Ended December 31, 2019: Commissions revenue Cost of services provided Advertising expense Operating income Interest expense Income tax expense Net income At December 31, 2019: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 35 44 120 $ 199 $ 97 9 45 23 25 $ 199 At December 31, 2018, total assets were $204 and total stockholders' equity was $48. There were no changes in notes payable or paid-in capital during 2019. DeBauge Realtors Inc. is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements: $ 145 58 29 $ 58 5 15 $ 38 For the Year Ended December 31, 2019: Commissions revenue Cost of services provided Advertising expense Operating income Interest expense Income tax expense Net income At December 31, 2019: Assets Cash and short-term investments Accounts receivable, net Property, plant, and equipment, net Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Paid-in capital Retained earnings Total liabilities and stockholders' equity $ 35 44 120 $ 199 $ 97 9 45 23 25 $ 199 At December 31, 2018, total assets were $204 and total stockholders' equity was $48. There were no changes in notes payable or paid-in capital during 2019