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Problem 1
A firm has net income before interest and taxes of $135,000 and interest expense of $27,500.
(a) What is the times-interest-earned ratio?
Times-interest earned
(b) If the firm's lease payments are $43,700, what is the fixed charge coverage?
Fixed charge coverage
Problem 2
Quantum Moving Company has the following data. Industry information also is shown.
Company data
Industry data on
Year
Net income
Total assets
Net income/Total assets
2008
$
447,000
2,899,000
13.5
%
2009
429,000
3,262,000
9.2
2010
442,000
3,826,000
7.0
Debt
Industry data on debt/Total assets
1,639,000
54.2
1,748,000
44.8
1,943,000
33.0
Net income / Total assets
Debt / Total assets
(b) As an industry analyst comparing the firm to the industry, are you likely to praise or criticize the firm in terms of:
Praise/Criticize
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