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Increase in wages payable 30,000 Decrease in notes payable 40,000 Income taxes...

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Accounting

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Increase in wages payable 30,000 Decrease in notes payable 40,000 Income taxes 272,000 Interest payment on financing 20,000 interest payche TABLE P2.3 Description Company A Company B Earnings before interest and taxes $ 300 $ 560 Interest expenses 20 160 Earnings before tax 280 400 Taxes at 40% 112 160 Earnings after tax (Net income) 168 240 Debt $ 200 $1,600 Equity 800 400 ple P2.4 shows financial statements for Apple (d) Quick (acid-testratio ter Corporation. The closing stock price for (e) Inventory-turnover ratio

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