Question: Problems: 1. BU, Inc. has current assets of ( $ 6,050 ), net fixed assets of ( $ 24,750 ), longterm debt of ( $
Problems: 1. BU, Inc. has current assets of \\( \\$ 6,050 \\), net fixed assets of \\( \\$ 24,750 \\), longterm debt of \\( \\$ 11,400 \\), and current liabilities of \\( \\$ 4500 \\). What is the value of the shareholders' equity account for the firm? What is the net working capital? 2. Salty Chips has sales of \\( \\$ 862,000 \\), operating costs of \\( \\$ 85,000 \\), depreciation expense of \\( \\$ 41,000 \\), interest expense of \\( \\$ 40,500 \\) and a tax rate of \20. What is the net income? What if the firm paid out \\( \\$ 125,000 \\) in cash dividends? What is the addition to retained earnings? 3. Create the Income Statement and Balance Sheet for 2020
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