Please use the following information to answer the next 3 questions.

JCJ Inc. has (NI/EBT ) = .25

JCJ Inc. has (EBT/EBIT ) = 1

JCJ Inc. has (EBIT/SALES ) = .80

JCJ Inc. has an equity multiplier of 3

JCJ Inc. has a total asset turnover ratio of 1.5

Sales are $500,000

26. If JCJ Inc. has sales of $100,000, what is JCJs Net Income?

1. $100,000
2. $25,000
3. $80,000
4. $20,000
5. None of the above

27. What was JCJs interest expense for the year? If there is not enough information, please let me know.

1. $0
2. $20,000
3. $16,000
4. $4,000
5. None of the above

28. What was JCJs operating expenses? If there is not enough information, please let me know.

1. $100,000

2. $25,000
3. $80,000
4. $20,000
5. None of the above