Q: The following statement is true about a company's income statement: Select one: a. Net Earnings is also known as a company's gross profits b. Selling, General, and Administrative Expenses include income taxes paid c. Operating profit indicates a company's earnings from all of its operations d. Operating profit indicates a company's earnings from its normal and recurring operations Q: Buffett looks for the following in terms of interest expense: Select one: a. Interest expense higher than competitors b. Companies with interest expense less than 15% of operating income c. Companies with interest expense less than 15% of gross income d. As an indicator of the amount of equity that a company has