Trooper Nova Company reported the following Sales $2,200,000 Cost of Goods Sold $730,000 Operating Expenses $397,000 Interest expense included in Operating Expenses $43,000 Income Taxes 31 of income before tax Stockholders ' Equity (Average) $17,000,000 a) Calculate net income Net Income b) Calcula...

Heres how to calculate the missing values in Trooper Nova Companys financial statements a Calculate ...

Trooper Nova Company reported the following. Sales $2,200,000 Cost of Goods Sold $730,000 Operating Expenses $397,000 Interest

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Trooper Nova Company reported the following.

Sales	$2,200,000
Cost of Goods Sold	$730,000
Operating Expenses	$397,000
Interest expense included in Operating Expenses	$43,000
Income Taxes	31% of income before tax
Stockholders' Equity (Average)	$17,000,000

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 =

Related Book For answer-question

Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jan 01, 2024 04:39 AM

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Trooper Nova Company reported the following. Sales $2,200,000 Cost of Goods Sold $730,000 Operating Expenses $397,000 Interest

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