Black Crown Initiate Company reported the following. Sales Cost of Goods Sold Operating Expenses Interest expense...

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Black Crown Initiate Company reported the following. Sales Cost of Goods Sold Operating Expenses Interest expense included in Operating Expenses Income Taxes Stockholders' Equity (Average) a) Calculate net income. Net Income = $ b) Calculate the net profit margin. Net Profit Margin = c) Calculate the times interest earned. Times Interest Earned = d) Calculate the return on equity. Return on Equity = % % $1,920,000 $660,000 $341,000 $54,000 32% of income before tax $17,000,000 times Black Crown Initiate Company reported the following. Sales Cost of Goods Sold Operating Expenses Interest expense included in Operating Expenses Income Taxes Stockholders' Equity (Average) a) Calculate net income. Net Income = $ b) Calculate the net profit margin. Net Profit Margin = c) Calculate the times interest earned. Times Interest Earned = d) Calculate the return on equity. Return on Equity = % % $1,920,000 $660,000 $341,000 $54,000 32% of income before tax $17,000,000 times