Ajax corps sales last year were 435000 its operating costs

Assignment Help Finance Basics
Reference no: EM13573141

Ajax Corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?

a. 4.97
b. 5.80
c. 5.51
d. 5.23
e. 4.72

Reference no: EM13573141

Questions Cloud

Answer the below in essay format of 300 words and include : answer the below in essay format of 300 words and include at least 2 cited references in apa 6th ed. format. an
Outline and discuss in general terms the main current : question 1outline and discuss in general terms the main current issues which arise concerning the choice of non-state
How would an investor use the earnings per share : how would an investor use the earnings per share information reported on the income statement in making investment
During september stutzman corporation incurred 94000 of : 1.at the beginning of august hogancamp corporation had 34500 of raw materials on hand. during the month the company
Ajax corps sales last year were 435000 its operating costs : ajax corps sales last year were 435000 its operating costs were 362500 and its interest charges were 12500. what was
Hults corporation has provided data concerning the companys : management of modugno corporation is considering whether to purchase a new model 370 machine costing 443000 or a new
The dividend growth rate is expected to be 15 for 2years : company zzs last dividend paid was 1.00 do 1.00.nbsp the dividend growth rate is expected to be 15 for 2years after
Write a formal justification report to an organization : write a formal justification report to an organization making a recommendation to implement a particular product
What additional factors are encountered in international as : what additional factors are encountered in international as compared with domestic financial management? discuss each

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the bond refunding npv

The new bonds would be issued 1 month before the old bonds are called, with proceeds being invested in short term government securities returning 6% annually during the interim period. A. Perform a complete bond refund analysis. What is the bond r..

  Cash conversion

What account on the balance sheet would an organization refer to for cash conversion and why?

  Calculate the after-tax cost of this preferred stock

If the stock is callable in five years at $66 per share and investors expect it to be called at the time, what is the after-tax cost of this preferred stock offering? (Compute to the nearest whole percent.)

  How many directors can the becker family be assured

Coase Corp. has 10,000,000 outstanding shares. There are 11 directors on the firm's board. The Becker family owns 2,300,000 shares of Coase Corp. How many directors can the Becker family be assured of electing by themselvecs if Coase Corp. uses ma..

  A share-based payment transaction in which the entity

1. in a share based payment transaction where the entity has settlement choicea. if a present obligation does not exist

  What is the monthly payment that can be made from this fund

The fund will disburse monthly for 12 years, and the desired cash balance at the end of 12 years is $1,000,000. What is the monthly payment that can be made from this fund?

  What is the value of the equity

We will assume that Nathans, Inc. has 3-year zero-coupon debt outstanding, which will pay $200 at maturity. The assets are valued at $175, ? = 0.20, r = 0.04, and the company does not pay a dividend. Using a Black-Scholes model, what is the value ..

  What is maximum price you should be willing to pay for it

If your required rate of return for this stock is 14%, what is the maximum price you should be willing to pay for it?

  Significant inherent risk

Suppose your Customer, General Television, produces televisions and during the current year acquired Micro Engineering, Inc., which manufactured flat panel plasma screens for computers so that it could compete in the market for flat panel televisions..

  What is one share of this stock worth to you today

The James Clothing Co. pays a constant annual dividend of $3.90 per share. What is one share of this stock worth to you today if you require a 26 percent rate of return.

  Calculating annual payment

Cal Lury owes $10,000 now. A lender will carry the debt for five more years at 10% interest. That is, in this particular case, the amount owed will go up by 10% per year for 5-years.

  Forecast the annual cash revenues

United Industries is about to pay a dividend of 1.35 each share. It's a mature corporation but future EPS and dividends are expected to grow with inflation, which is forecasted at 2.75% per year.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd