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What would Slosh peso sales revenues

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Q1. Slosh Cleaning Corporation services both residential and commercial customers. Slosh expects the following operating results next year for each type of customer:

Residential Commercial

Sales P60,000 P140,000

Contribution margin ratio 50% 30%

Slosh expects to have P50,000 in fixed expenses next year. What would Slosh's peso sales revenues from Commercial customers have to be next year in order to generate a profit of P166,000?

Q2. The times interest earned ratio of McHugh Company is 4.5. The interest expense for the year was P20,000, and the company's tax rate is 30%. Determine the company's net income?

Reference no: EM132956026

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