A company purchases merchandise with a catalog price of $23,500. The company receives a 30% trade discount from the seller. The seller also offers credit terms of 2/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?

a. $7,379

b. $7,050

c. $16,650

d. 12,379

e. $16,121

Desjardin landscaping income statement reports net income of $74,200 which includes deductions for interest expense of $12,200 and income taxes of $35,700. Its times interest earned is:

.16

3.9

6.1

10.

7.1