Question
Take me to the text Neron Company reported the following. Sales $2,130,000 Cost of Goods Sold $700,000 Operating Expenses $492,000 Interest expense included in Operating
Take me to the text
Neron Company reported the following.
| Sales | $2,130,000 |
| Cost of Goods Sold | $700,000 |
| Operating Expenses | $492,000 |
| Interest expense included in Operating Expenses | $51,000 |
| Income Taxes | 39% of income before tax |
| Stockholders' Equity (Average) | $16,000,000 |
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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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
