Determine the times interest earned ratio

Assignment Help Accounting Basics
Reference no: EM133072403

Question - Times interest earned - A company reports the following:

Income before income tax expense $1,026,900

Interest expense 163,000

Required - Determine the times interest earned ratio. If required, round the answer to one decimal place.

Reference no: EM133072403

Questions Cloud

Replicate the risk management strategy : Using the Module 6 spreadsheet template as a model, you are going to first replicate the risk management strategy of using futures contracts to hedge aluminum p
Determining the retirement goal : Use this information to answer the next two questions. (Hint: It is really helpful to diagram the problem). Your parents have been negligent in saving for their
Prepare flounder journal entry for the purchase : The bonds pay interest semiannually. Prepare Flounder's journal entry for the purchase of the investment
Prepare the journal entries made by Sheridan Company : On February 28 (the fiscal yearend), the firm had accounts receivable in the amount of $540,000. Prepare the journal entries made by Sheridan Company
Determine the times interest earned ratio : Times interest earned - A company reports the following: Income before income tax expense $1,026,900. Determine the times interest earned ratio
Determine the office costs allocated : Office costs of $216,000 are allocated to operating departments based on the number of employees. Determine the office costs allocated
Objectives of risk management activities : -You are working in the financial markets business of an Australian Commercial bank. You have been asked to consider the context and roles of the risk managemen
Compute the division profit margin : A company's division has sales of $2,550,000, income of $816,000, and average assets of $2,125,000. Compute the division's profit margin
Compute the eac for cleaners : You are evaluating two different air cleaners. The Techon I costs $400,000, has a five-year life, and has pretax operating costs of $30,000 per year.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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