Problem $10$

The following is ABC Inc.$\text{'}$s balance sheet $($in thousands$)$: $($LG $21-5)$ Also, sales equal $$500,$ cost of goods sold equals $$360,$ interest payments equal $$62,$ taxes equal $$56,$ and net income equals $$22.$ The beginning retained earnings is $$0,$ the market value of equity is equal to its book value, and the company pays no dividends.

$\backslash$table$[[$Asseds$,$L$.$abilities and Equily$],[$Cash$,$$$20,$Accounts payable,$$30$