Alvarez Company's break-even point in units is 1,300. The sales price per unit is $17 and variable cost per unit is $13. If the company sells 3,100 units, what will net income be?

Multiple Choice

• $74,800

• $12,400

• $7,200

• $3,000.

• $39,000

Refer to the following selected financial information from Shakley's Incorporated. Compute the company's times interest earned for Year 2.

	Year 2		Year 1
Net sales		$ 481,500		$ 426,850
Cost of goods sold		276,900		250,720
Interest expense		10,300		11,300
Net income before tax		67,850		53,280
Net income after tax		46,650		40,500
Total assets		318,300		291,600
Total liabilities		178,400		167,900
Total equity		139,900		123,700

Multiple Choice

• 6.6.

• 4.5.

• 7.6.

• 5.5.

• 13.6.