Tool manufacturing purchased inventory for $5,300 and also paid a $260 freight bill. tool manufacturing returned 45% of the goods to the seller and later took a 2% purchase discount. assume tool manufacturing uses a perpetual inventory system. what is tool manufacturing's final cost of the inventory that it kept? (round your answer to the nearest whole number.)

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease