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hi, can you helo me with Calculatingthe following ratios for Year 2:...

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Accounting

hi, can you helo me with Calculatingthe
following ratios for Year 2:
(a) profit margin ratio
(b) gross margin ratio
(c) times interest earned.
Silverlight Company
Income Statements
For Years Ended December 31,
Year 2 Year 1
Net sales $ 720,000 $ 607,500
Cost of goods sold 450,000382,700
Gross profit $ 270,000 $ 224,800
Operating expense 168,500134,900
Income from operations $ 101,500 $ 89,900
Interest expense 22,30011,200
Income before taxes $ 79,200 $ 78,700
Income taxes 28,00027,000
Net income $ 51,200 $ 51,700

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