User Account

All Pages

What is the firm times-interest-earned ratio

Assignment Help Financial Accounting
Reference no: EM133003634

Question - A firm has total interest expense of $20,000 per year, sales of $1 million, a tax rate of 35 percent, and a net profit margin of 2.6 percent. If the interest income is $10,000, what is the firm's times-interest-earned ratio?

Reference no: EM133003634

Questions Cloud

What are the balances of the company accounts receivable : What are the balances of the company's accounts receivable and accounts payable reported on the balance sheet, respectively?
How much do you need to have saved : You currently have $20,000 you put into the market this morning. You are expecting to live until 85. How much do you need to have saved when you turn 65
How long in seconds does the collision last : An unwary football player collides with a padded goalpost while running at a velocity of 8.60 m/s. How long in seconds does the collision last
Discuss the conceptual issues : Discuss the conceptual issues and the definition of an asset that may be applied in determining whether development expenditure should be treated
What is the firm times-interest-earned ratio : A firm has total interest expense of $20,000 per year, sales of $1 million, a tax rate of 35 percent, what is the firm times-interest-earned ratio
Which parties would have the lowest likelihood : Paula performed the audit of the financial, Which parties would have the lowest likelihood of successfully bringing suit for ordinary negligence against Paula?
What are some of different classifications of common stocks : What are some of the different classifications of common stocks? What are the components of the investment process? List all those that are discussed.
Prepare all indicated entries for the first year : Prepare all indicated entries for the first year of each of the independent government grants. An entity received a grant of P30, 000, 000 from the British.
Prepare the year-end statement of retained earnings : Prepare its year-end statement of retained earnings. Mahomes Co. reported the data at the end of its first year of operations on December 31.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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