Net assets (assets minus liabilities) at the beginning of the year were $80,000 and at the end of the year, they were $95,000. The common stock increased (some were issued) during the year by $20,000; dividends declared for the year were $30,000. What must have been the net income for the year?

In the current year, Aveeno reported net income of $54,880, which was a 12% increase over prior year net income. Compute prior year net income. Prior year net income

In a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a times interest earned ratio of 7. What was Ley Corporation's income before taxes for the year?

In a recent year, Crane Corporation reported net income of $205800, interest expense of $47000, and income tax expense of $95000. What was Crane's times interest earned for the year? 6.4 O 5.4 O 7.4 O 4.4

What is included in the income tax expense for each year (25%)? And what is the net income for each year

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Reynolds Corp's total assets at the end of last year were $300,000 and its net income after taxes was $25,000. What was its return on total assets?

. Great Products, Inc. reported the following on the company’s income statement in two recent years:Current Year Prior YearInterest Expense $270,000 $250,000Income before income tax expense 4,212,000 3,450,000a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. b. Is the times interest earned ratio improving or declining?

Sprout Company reported the following on the company's income statement in two recent years:       Current Year     Prior Year Interest expense $510,000   $480,000   Income before income tax expense 5,610,000   6,720,000   a.  Determine the times interest earned ratio for the current year and the prior year. Current year   Prior Year   b.  Is the times interest earned ratio improving or declining?

Loomis, Inc. reported the following on the company’s income statement in two recent years: Please see the image for details: a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place.b. Is this ratio improving or declining?