The following question(s) refer to the year-end account balances for UBUS, Inc. The accounts are listed in alphabetical order, NOT in the order they appear on the financial statements. The applicable tax rate is 40%.

\begin{array}{l}\text { UBUS Income Statement }\\\begin{array}{ll}\text { Cost of Goods Sold } & 330 \\\text { Depreciation Expense } & 35 \\\text { Interest Expense } & 20 \\\text { Operating Expense (excluding depreciation) } & 115 \\\text { Sales } & 600 \\\text { Tax } & ? ? ?\end{array}\end{array}

\begin{array}{l}\text { UBUS Balance Sheet }\\\begin{array}{ll}\text { Accounts Payable } & 35 \\\text { Accounts Receivable } & 65 \\\text { Accruals } & 30 \\\text { Accumulated Depreciation } & (175) \\\text { Cash } & 35 \\\text { Common Stock } & 120 \\\text { Fixed Assets (gross) } & 390 \\\text { Inventory } & 135 \\\text { Long Term Debt } & 200 \\\text { Retained Earnings } & 65\end{array}\end{array}

-What is UBUS Inc.'s Total Assets?
A)$420
B)$570
C)$625
D)$450
E)$490

Which of the Following Is Correct

Multiple Choice

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