1)Determine the times-interest-earned ratio utilizing the following:

Net income

$300,000

Interest revenue

3,000

Interest expense

25,000

Income tax expense

60,000

Select one:

a.15.4 times

b.12.5 times

c.Can't be determined by information given

d.15.6 times

2)Which one of the following statements is correct?

Select one:

a.A 50% common stock dividend increases the number of common shares outstanding and does not affect total stockholders' equity,

b.A 20% common stock dividend reduces both earring per share (EPS) and total stockholders' equity.

c.A 4-for-1 common stock split increases both the number of common shares outstanding and total stockholders' equity

d.A 4-for-1 common stock split reduces both earnings per share (EPS) and total stockholders' equity

3)Outstanding stock of the Almaha Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par cumulative preferred stock. In 2019, the top executives announced and paid dividends of $8,000. in 2020, the top executives declared and paid dividends of $24,000. How much of the 2020 dividend was paid to preferred shareholders? Select one:

a.$14,000

b.None of these answer choices are correct

c.$8,000

d.$10,000