Little Guy Construction Company made $50,000 in taxable income one year. Big Buildings Construction Company made $20,000,000 in taxable income that year. How much would each company owe in corporate taxes if the tax rate were 15 percent on the first $100,000 of income and 35 percent on incomes over $100,000.

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%