Hello, I am prepping for a mid term and would like to cross check my answers with that of someone else. Please answer questions 1-15 and show work if you can.

Use the information below to answer questions 1-11: Cash $20,000.00 A/R $70,000.00 Inventory $100,000.00 A/P $160,000.00 Bonds Payable (long term debt) $400,000.00 Common Stock (Outstanding Shares 1,000) $30,000.00 Retained Earnings $180,000.00 Fixed Assets $580,000.00 QUESTION 1 From the information above, calculate Total Current Assets. QUESTION 2 From the information above, calculate Total Current Liabilities. QUESTION 3 From the information above, calculate Total Assets. QUESTION 4 From the information above, calculate Total Owners Equity. QUESTION 5 From the information above, calculate Total Long Term Liabilities. QUESTION 6 From the information above, calculate Total Liabilities and Owners Equity. QUESTION 7 From the above information, calculate the Current Ratio. Carry your answer 2 decimal places. QUESTION 8 Calculate the Quick Ratio. Carry the decimal point two places. QUESTION 9 Based on the Current Ratio and Quick Ratio, would you extend credit to this company on a short term basis. Provide your reasoning. I am looking for a short paragraph answer. QUESTION 10 If the Company's Net Income for the year was $30,000, calculate the Company's Earnings Per Share. QUESTION 11 The Company's Ending Retained Earnings was $180,000. If it paid no dividends for the year and had Net Income of $30,000 for the year, what was its beginning Retained Earnings balance? Use the following tax rates to answer questions 12-15 Also, assume the business has taxable income of $150,000. Taxable Income $ 0- 50,000 Tax Rate 15% 50,001 - 75,000 25% 75,001 - 100,000 34% 100,001 - 335,000 39% QUESTION 12 How much tax will this company pay based on the information above. QUESTION 13 What is the average tax rate paid by the taxpayer? Carry the decimal two places and round. 24.877 % would be entered as 24.88 QUESTION 14 What is the "Marginal Tax Rate" for this taxpayer at this level of income? Your answer should have no decimal points. 34% would be entered as 34 QUESTION 15 At this marginal tax rate, how much additional tax will this taxpayer pay on an additional $10,000 of taxable income