Question

The income went for Ohio Communications follows. Assume Ohio Communication Click the icon to come a nt) grado June 1, 2018, and is was the only note pays Requirements 1. Fill in the missing information for Ohio's year ended July 31, 2016, income statement. Round to the near 2 Compute themes r estened for the company, Round to two decimal 31, 2018, come statement Round Requirement 1. in the missing formation for Chile yewarded orier other expenses) One Communication Income tamant Administrative Expenses Total Operating Expenses Nel Sales Revenue Cost of Good Gross Profit Operating penses tercone and Expenses Ord Ex

Answer 1

operating income		21,150
other income and (expenses)
interest expense (40,000*12%*2/12)	(800)
total other income and (expenses)		(800)
net income before income tax expense		20,350
income tax expense		4,070
net income		16,280

2.times interest earned ratio = EBIT / interest expense

=>21,150/800

=>26.44.