Black Crown Initiate Company reported the following.

Sales	$2,040,000
Cost of Goods Sold	$770,000
Operating Expenses	$366,000
Interest expense included in Operating Expenses	$57,000
Income Taxes	40% 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%

At the end of 2018, accounts receivable amounted to $209,000. At the beginning of the year it was $242,000. Net credit sales for the year amounted to $951,000 and net income was calculated to be $169,000.

Determine the days sales outstanding ratio and the accounts receivable turnover ratio.

Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Days Sales Outstanding = Answer

days Accounts Receivable Turnover = Answer

times