Determining firm times interest earned ratio

Assignment Help Accounting Basics

Reference no: EM13144234

In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The firm has a single issue of debt outstanding with face value of $1 million, market value of $.92 million, and a coupon rate of 8 percent.

What is the firm's times interest earned ratio?

Reference no: EM13144234

Questions Cloud

Adjusted balance of allowance for doubtful accounts : Past experience indicates that 3% of net credit sales become uncollectible. What should be the adjusted balance of allowance for doubtful accounts at December 31,2011?

Cognitive psychology : Analyze the role of language processing in cognitive psychology

Explain factors that should be considered when applying : Explain factors that should be considered when applying the conventional concept of depreciation to the determination of how the value of a newly acquired computer system should be assigned to expense for financial reporting purposes.

Explain mixed with the sulphuric acid : A white precipitate formed when the barium hydroxide solution was mixed with the sulphuric acid. *Mass of filter paper=0.96g *Mass of filter paper and precipitate=5.25g

Determining firm times interest earned ratio : In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. What is the firm's times interest earned ratio?

Method of accounting for uncollectible receivables : If the allowance method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible?

What was annual amount of depreciation for the years : Equipment acquired on January 3, 2005, at a cost of $147,500, has an estimated useful life of eight years and an estimated residual value of $17,500. What was annual amount of depreciation for the years 2005, 2006, and 2007, using the straight-li..

Calculate the heat given off : Calculate the heat given off when 177 g of copper cools from 155.0 Celsius to 23.0 Celsius. The specific heat capacity of copper is .385 J/g C

Depict the neutralization reaction : Write the neutralization reaction, balance it, name the products THEN Solve the problem above.

User Account

All Pages