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For Year 2,what Was the Net Income Before Taxes as a Percentage

Question 81
Multiple Choice

For Year 2,what was the net income before taxes as a percentage of sales? A) 3%. B) 5%. C) 8%. D) 10%.

Related questions
Q 82
For Year 2,what was the net operating income as a percentage of sales? A) 8%. B) 10%. C) 40%. D) 70%.
Q 83
Between Year 1 and Year 2,what happened to the times interest earned? A) It increased. B) It decreased. C) It remained the same. D) The effect cannot be determined from the data provideD. Yr)1 = (1,200 - 720 - 400)/30 = 2.67 Yr.2 = (1,500 - 900 - 450)/75 = 2.00
Q 84
Larned Company's earnings per common share for Year 2 was closest to which of the following? A) $11.03. B) $18.39. C) $19.06. D) $27.22.
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