Mcdaniel and associates reported the following amounts on its 2018 income statement: year ended december 31, 2018net income$83,250income tax expense29,950interest expense 5,000 what was mcdaniel's times-interest-earned ratio for 2018?

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.