22. Income statements includes: *

Net income

EBIT

Interest expenses on liabilities

All of the above

None of the above

23. You deposited $5000 into an account at an annual interest of 8% compounded semiannually. What is the future value of this $5,000 after 4 years? *

a) $8,112

b) $7,112

c) $1,250

d) $6,843

e) None of the above

24. You deposit $8,000 in a bank account today. You make another deposit of $14,000 into the account in year one and you make a third deposit of $10,000 in year two. The bank pays interest at 8 percent compounded annually. How much will you have in your account at the end of year 3? *

a) $37,207

b) $35,207

c) $39,207

d) $40,502

e) None of the above

25. SAJ sales last year were $435,000, its operating costs including Depreciation were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio? *

a) 4.72

b) 5.80

c) 5.23

d) 5.51

e) None of the above