Question 1 6 points) At the end of fiscal year 2016, Rainer Construction Co., Inc....
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Question 1 6 points) At the end of fiscal year 2016, Rainer Construction Co., Inc. has the following financial profile (all figures are in dollars): Current assets Non-current assets Current liabilities Non-current liabilities Total revenue before taxes Total expenses 9,000,000 ,000,000 550,000 400,000 300,000 250,000 (a) What is the totahiet worth of this company? (b) Did the net worth increase, decrease or remain the same compared to FY 2015? Why? (c) What is the income after taxes? (Assume a 15% tax rate)
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