1) Johnston Enterprise had $268,000 in revenue in May, $41,000 in operating expenses and $152,000 in pay roll expenses. Calculate net income for Johnston Enterprise for the month of May.

  

2) Milton's Tires had $154,000 in assets, $66,000 in liabilities, $88,000 in owners equity. Calculate the debt to equity ratio for Milton's company.

Answer rating: 100% (QA)

1 To calculate the net income for Johnston Enterprise for the month of May w... View the full answer