TB MC Qu. 10-94 Which of the following statements... 10 Which of the following statements is true regarding the straight-line method of amortizing discounts and premiums on bonds? points Multiple Choice 8 01:15:29 It assigns variable amounts of interest over the term of the liability It uses compound interest principles. It assigns the same amount of interest to each interest period over the life of the bond. It accurately reports the amount of interest expense incurred during each interest period. TB MC Qu. 10-101 The times-interest-earned ratio... 13 The times-interest-earned ratio is calculated by which of the following? points Multiple Choice 8 01:15:18 Total assets divided by interest expense. Net income divided by interest expense. Earnings before interest and taxes divided by interest expense. None of these answer choices are correct. TB MC Qu. 11-89 Napoli Industries had net income for... Napoli Industries had net income for Year 2 of $1,087,500. Napoli had an average number of shares outstanding at the end of the year of 725,000 shares. On January 1, Year 2, the market price of Napoli's stock was $54 per share. On December 31, Year 2, the market price was $57 per share. What is the price-earnings ratio for Napoli at the end of Year 2? points (8 01:15:06 Multiple Choice O 38.00 O 36.00 O 81.00 O None of these answer choices is correct