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Calculate the times interest earned

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Question - Black Crown Initiate Company reported the following.

Sales $2,080,000

Cost of Goods Sold $770,000

Operating Expenses $384,000

Interest expense included in Operating Expenses $56,000

Income Taxes 39% of income before tax

Stockholders' Equity (Average) $19,000,000

a) Calculate net income.

b) Calculate the net profit margin.

c) Calculate the times interest earned.

d) Calculate the return on equity.

e) Perform a horizontal analysis for Waller Inc. Use 2017 as the base year.

Reference no: EM133175746

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