Question: Please answer all 3 if you can 2. Wilma's Widgets had net sales of $6,107,800 in 2020. The cost of goods sold was $749,500, operating
Please answer all 3 if you can 2. Wilma's Widgets had net sales of $6,107,800 in 2020. The cost of goods sold was $749,500, operating expenses (excluding depreciation) were $191,370, interest expenses were $307,870, depreciation expense was $305,240, and dividends paid were $328,570. The firm's tax rate is 35 percent. What did Wilma's Widgets report as earnings before interest and taxes (i.e., operating profit) in 2020? 3.Sammy's Shovels had sales of $99,260 in 2021. The cost of goods sold was $27,490, operating expenses (excluding depreciation) were $14,350, interest expenses were $3,160, depreciation expense was $6,220, and dividends paid were $1,660. The firm's tax rate is 20 percent. What did Sammy's Shovels report as net income (or, net profit) in 2021? 4. In 2020, the BowWow Company purchased 13,943 units from its supplier at a cost of $12.50 per unit. BowWow sold 17,916 units of its product in 2020 at a price of $21.34 per unit. BowWow began 2020 with $752,168 in inventory (inventory is carried at a cost of $12.50 per unit). Using this information, compute BowWow's 2020 ending inventory balance (in dollars).
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