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Calculate times interest earned ratio while income tax rate

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Question a) Abdullah Inc. has total debt of $ 1,148; total assets of"$ 2,680 and sales of $ 8,750. " Calculate net income of Adbullah Inc. if return on equity is 15%

Question b) Alhamra Associates has 20,000 outstanding shares of common stock and paid a dividend of $ 1.8 last year. During the current year sales of $425,000, COGS of 104,000, depreciation expense of $51,000, and addition to retained earnings of $63,750. Calculate times interest earned ratio while income tax rate is 34%.

Reference no: EM132595325

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