Express net income as a common-size percentage using the following data. Sales - $45,000;
cost of goods sold - $29,340; gross profit from sales - $15,660; operating expenses - $10,800;
net income - $4,860.
What is the number of times the interest is earned for the following data? Income before interest
and taxes - $960,000; interest on bonds - $96,000; income before taxes - $864,000; income
taxes at 45 percent - $388,800; income after taxes - $475,200; preferred dividends - $32,640;
income available for common stockholders - $442,560.
Express operating expenses as a common-size percentage using the following data. Sales $45,000; cost of goods sold - $29,340; gross profit from sales - $15,660; operating expenses $10,800; net income - $4,860.