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What is number of times bond interest charges were earned

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Reference no: EM133186300

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Q1. ABC Company estimates its total annual cash disbursements of P3,251,250 which are to be paid uniformly. It has the opportunity to invest the money at 9% per annum. The company spends, on the average, P25 for every cash conversion to marketable securities and vice versa. Compute the opportunity cost

Q2. The balance sheet and income statement data for MAS Factory indicate the following:

Bonds payable, 10% (issued 1998 due 2022) P1,000,000

Preferred 5% stock, P100 par (no change during year) P300,000

Common stock, P50 par (no change during year) P2,000,000

Income before income tax for year P350,000

Income tax for year P80,000

Common dividends paid P50,000

Preferred dividends paid P15,000

Based on the data presented above, what is the number of times bond interest charges were earned?

Reference no: EM133186300

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