OD. $360 per share 21. John Box Inc. has an annual interest expense of $30,000 and pays income tax equal to 40 percent of taxable income (EBT). John Box's times - interest - eamed ratio is 4.2. What is John Box's net income? O A. $96,000 OB. $125,000 OC. $87,000 OD. $57,600 22 Trans Systems he has a total equity of $560,000 sales of $2,250,000, total assets of $995,000, and current liabilities of $310.000. What is Trans Systems Inc.'s debt ratio? O A. 66.7% OB. 43.7% OC. 55.4% OD. 31.2% 3. Two sisters each open IRAs in 2011 and plan to invest $3,000 per year for the next 30 years. Mary makes her first deposit on January 1, 2011, and will make all future deposits on the first day of the year. Jane makes her first deposit on December 31, 2011, and will continue to make her annual deposits on the last day of each year. At the end of 30 years, the difference in the value of the IRAs (rounded to the nearest dollar), assuming an interest rate of 7% per year, will be O A $12,456 O B. $210 OC. $19,837 OD. $6,300. You borrow $25,000 to be repaid in 12 monthly installments of $2,292.00. The annual interest rate is closest to O A. 12 percent. O B. 18 percent C. 24 percent. D. 1.5 percent