1. Evening Story Corporation has sales of $4,965,350; income tax of $330,577; the selling, general and administrative expenses $212,400; depreciation of $345,283; costs of goods sold of $2,511,520; and interest expense of $111,429. Calculate the amount of the firms gross profit?
2. What is the capital market? How is the primary market different from the secondary market?
In your opinion, are these markets efficient? Why or why not? (100 words)