Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.
Income Statement
For the year ended December 31, 2007
Orca Industries' inventory turnover is
Definitions:
Historical Cost
The actual cost of an asset at time of purchase.
Legal Liability
Obligations under the law arising from civil actions or claims against an entity or individual, encompassing contractual obligations and tort claims.
Limited Life
A concept depicting that an entity or asset has a finite operational life or duration of existence.
Partnership
A legal business structure where two or more individuals agree to manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
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