B. 6 points
6 points or more will restrict the minor's license for 1 year to business purposes only.
Idk u figure it out ching chong chong ching chong bih
Answer:
0.57 and 9.24 times
Explanation:
The computation is shown below:
a. Debt to equity ratio
= Total Liabilities ÷ Share holders' equity
= $2,400,000 ÷ $4,200,000
= 0.57
And, the times interest earned ratio is
= EBIT ÷ interest expense
where,
EBIT is
= Net income + taxes + interest
= $496,500 + $203,500 + $85,000
= $785,000
And, the interest expense is $85,000
So, times interest earned ratio is
= $785,000 ÷ $85,000
= 9.24 times
We simply applied the above formulas
Plus the year is 2019 not 2016
Answer:
Income Statement for Swing Hard Incorporated for the month ended February 28.
Sales $20,935
Less Expenses
Wages ($2,600)
Electricity ($1,420)
Net Income / (Loss) $16,915
Net profit margin = 80.8%
Explanation:
<em>Income Statement for Swing Hard Incorporated for the month ended February 28.</em>
Sales ($20,600 + $155 + $180) $20,935
Less Expenses
Wages ($2,600)
Electricity ($1,420)
Net Income / (Loss) $16,915
<em>Company's net profit margin</em>
Net profit margin = net profit / sales × 100
= $16,915 / $20,935 × 100
= 80.8%
Note
The Income Statement is always prepared on <em>accrual basis of accounting</em> meaning Revenues and Expenses must the recorded when they occur or incur not as when they are paid.
Answer:
To explain the answer is given as follows,
Explanation: