Question
Battlecross Records reported the following. Sales $1,920,000 Cost of Goods Sold $800,000 Operating Expenses $313,000 Interest expense included in Operating Expenses $56,000 Income Taxes 36%
Battlecross Records reported the following. Sales $1,920,000 Cost of Goods Sold $800,000 Operating Expenses $313,000 Interest expense included in Operating Expenses $56,000 Income Taxes 36% of income before tax Stockholders' Equity (Average) $17,000,000 Do not enter dollar signs or commas in the input boxes. Round your answers to 2 decimal places. a) Calculate net income. Net Income = $Answer b) Calculate the net profit margin. Net Profit Margin = Answer % c) Calculate the times interest earned. Times Interest Earned = Answer times d) Calculate the return on equity. Return on Equity = Answer %
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