If beginning capital was $100,000, ending capital is $85,000, and the owner's withdrawals were $10,000, the amount of net income or net loss was: net income of $5,000. net loss of $15,00o. net loss of $5,000. net income of S15,000.

The liabilities of Maria's sari-Sari Store total to P 5,000.00, while its invested capital amounts to P 30,000.00. Compute its total assets

Flubber Products has current assets of $60,000 and total assets of $340,000. The firm’ssales are $700,000. Flubber’s interest expense is $25,000. All assets are classified asbeing either current assets or fixed assets. Flubber’s fixed asset turnover is?

Patterson Company’s Depreciation Expense is $20,400 and the beginning and ending Accumulated Depreciation balances are $150,200 and $155,200, respectively. What is the cash paid for depreciation?