wilde company earned revenues of $200,000 in cash and $130000 on account during 2018. of the $200,000 on account, $80,000 was collected in cash in 2018 and the rest in 2019. The company incurred expenses of $145,000 on account in 2018 and made cash payments of $100,000 towards the expenses in 2018. What is the net income in 2018 under cash-basis accounting?

Last year ann arbor corp had $155,000 of assets, $305,000 of sales, $20,000 of net income, and a debt-to-total-assets ratio of 37.5%. the new cfo believes a new computer program will enable it to reduce costs and thus raise net income to $33,000. assets, sales, and the debt ratio would not be affected. by how much would the cost reduction improve the roe? a. 11.51%b. 12.11%c. 12.75%d. 13.42%e. 14.09%