User Account

All Pages

What is the firm times interest earned ratio

Assignment Help Finance Basics
Reference no: EM131856390

In the past year, TVG had revenues of $2.98 million, cost of goods sold of $2.48 million, and depreciation expense of $172,960. The firm has a single issue of debt outstanding with book value of $1.12 million on which it pays an interest rate of 8%. What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM131856390

Questions Cloud

Determine how effective the current work processes : You are asked to review a new organization's management team to determine how effective the current work processes have been in achieving the organizational.
How does audience and purpose affect the creation of video : How does audience and purpose affect the creation of the video, for example? Look at the fonts and styles used in the powerpoints.
Simplified balance sheet for geomorph trading : Consider this simplified balance sheet for Geomorph Trading:
Discuss the factors involved in the outsourcing decision : Employee ResistanceIO Corporation is a 32-year-old information technology company with more than one (1) million products sold worldwide.
What is the firm times interest earned ratio : What is the firm's times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
How old on average is the lettuce it serves its customers : Salad Daze maintains an inventory of produce worth $520. Its total bill for produce over the course of the year was $76,000. How old on average is the lettuce
Analyze role which ideas or ideology played in performance : Select a world leader who has been dead or out of office for at least 20 years and analyze the role which ideas or ideology played in his performance.
Describe any deviation from the current policy : Unit IV focuses on the development of policymaking models. Using the domestic policy examples of health care and education, examine the framework of a policy.
Question - Risk Control and Premium Auditing : Question - Risk Control and Premium Auditing. If you can only choose between risk control and premium auditing career positions, which would you prefer

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the jit inventory management

What is the JIT inventory management? What type of costs are minimized with JIT control? In order to use JIT, is it better to have high ordering costs or low? Why?

  Record the period-end adjustment to cost of goods sold

Record the transactions of Sundance Systems, assuming the company uses a periodic inventory system.

  If a firm buys under terms of 315 net 45 but actually pays

a. if a firm buys under terms of 315 net 45 but actually pays on the 20th day and still takes the discount what is the

  We are evaluating a project that costs 1180000 has a

we are evaluating a project that costs 1180000 has a ten-year life and has no salvage value. assume that depreciation

  How likely technological advances over the next 20 years

Discuss how likely technological advances over the next 20 years will change the way businesses manage working capital. Provide specific examples to support your response.

  Valerie bought 200 shares of able stock today able stock

valerie bought 200 shares of able stock today. able stock has been trading for some time on the nyse. valeries

  Tomey supply company financial statements

Tomey Supply Company financial statements for the most recent fiscal year are shown below. The company management projects that sales will increase by 20 percent next year.

  Why is continuity assumption so important for balance sheet

Why is the continuity assumption so important for balance sheet reporting?

  Use of derivative financial instruments

The company employs a number of strategies to manage these risks, including the use of derivative financial instruments. Derivatives involve the risk of non-performance by the counterparty.

  Construct such a table and recalculate npv

What additional information would you need to construct a version of Table 6.7 that makes sense? Construct such a table and recalculate NPV. Make additional assumptions asnecessary.

  What would be the balance in the investment in irene company

On January 1, 2014, Fig land Company purchased for cash 40% of Irene Company's 300,000 shares of voting common stock for $1,800,000.

  Compute the present value of a two-period annuity

Q. Compute the present value of a two-period annuity of $1 per period if the discount rate is 10 percent,  A two-period annuity of $1 per period has a present value of $1.808.  Find the discount rate from the present value table.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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