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10. (2 points) McDaniel Enterprises reported the following amounts on its 2020 income statement: Year Ended 12/31/20 Net income $ 189,360 Income tax expense 48,720
10. (2 points) McDaniel Enterprises reported the following amounts on its 2020 income statement: Year Ended 12/31/20 Net income $ 189,360 Income tax expense 48,720 Interest expense 12.000 What was McDaniel's times-interest-earned ratio for 2020? a b. C d. 15.78 16.78 20.84 19.84 11. (2 points) Maywood, Inc. recently signed a $352,000, 6-month, 9% note payable to the Last National Bank. How much interest will be due at maturity? a. $31,680 b. $15,840 c. $13,200 d. $ 10,560 12. (2 points) Peter earns $17.50 per hour for straight time (40 hours), and the company pays time-and-a-half for overtime. Peter works 43 hours at his job during the first week of December 2021. What is Peter's gross pay for the week? a $1,128.75 b. $778.75 C. $757.00 d. $752.50
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