Husky Co. reports operating income of $60,000 in 2019. It also realized a loss of $20,000 due to debt extinguishment in 2019. Assume Husky Co.’s income tax is 40% and it has no discontinued operations in 2019. How much net income should the company report in 2019?

Total Assets for Wendy's Pumpkins on 1 January 2020 was $650,000 and on 31 December 2020 was $850,000. Profit (before tax) for 2020 was $70,000, and the interest expense of the period was $20,000. What was the 2020 Rate of Return on Total Assets for Wendy's Pumpkins? formula: Rate of Return on Total Assets = Profit before Interest and Tax / Average Total Assets Select one: а. 4% O b. 9% О с. 16% O d. 12%

Holden Company reports Interest Expense of $325,000 on its 2020 Income Statement. Holden's Balance Sheet shows Interest Payable of $30,000 as of 12/31/20 and $50,000 as of 12/31/19. How much Cash did Holden pay for interest in 2020? $405,000 $305,000 $325,000 $345,000

Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $169,000 Total Non Current Liabilities $300,000 On January 2020 Excelsior sells temporary investments to pay off $56,400 in long term debt Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020?   Required 2: If no other transaction took place in January 2020, the current ratio at the end of January 2020 is:    Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is:  Required 4: If no other transaction took place in January 2020, the financial leverage in January 2020  is (calculate the Equity Ratio and not the Equity Ratio percentage):  Required 5: If last 12 month sales as of January 2020 amount to $480,000, the working capital turnover for the period ended January 31st 2020 is: