User Account

All Pages

What is the times interest earned ratio-simmons corporation

Assignment Help Finance Basics
Reference no: EM132796986

The Simmons Corporation's income statement is given below. SIMMONS CORPORATION Sales $280,000 Cost of goods sold 211,000 Gross profit 69,000 Fixed charges (other than interest) 27,900 Income before interest and taxes 41,100 Interest 12,700 Income before taxes 28,400 Taxes 9,940 Income after taxes $18,460

a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.)

Times interest earned x

b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)

Fixed charge coverage x

Reference no: EM132796986

Questions Cloud

Should the offer be accepted for jamshed crockery ltd : Administrative costs would be caused by the order. Further, the acceptance of this order will not affect regular sales. Should the offer be accepted?
Calculate the portfolio return and standard deviation : Calculate the portfolio return and standard deviation if equal amount of the two securities are combined assuming the correlation between the returns
Determine the amount of depletion expense for current year : Earth's Treasures Mining Co. acquired mineral rights for $45,000,000. Determine the amount of depletion expense for the current year
Explain the financial arguments for companies : Explain the financial arguments for companies entering into the practice of buybacks.
What is the times interest earned ratio-simmons corporation : The Simmons Corporation's income statement is given below. SIMMONS CORPORATION Sales $280,000 Cost of goods sold 211,000 Gross profit 69,000 Fixed
P22004 Supply Chain Management Assignment : P22004 Supply Chain Management Assignment Help and Solution, University of Portsmouth - Assessment Writing Service
What was the depreciation for the first year : . The equipment was depreciated using the straight-line method based on an estimated useful life of nine years. What was the depreciation for the first year
What total contributed capital amounted to : At the end of the Berry's first year, total contributed capital amounted to? Issued 5,000 ordinary shares in exchange for a patent valued at P 100,000
Explain the importance of respecting mahaley family culture : Explain the importance of respecting Mahaley's family culture in this new environment in order to support her healthy development and learning.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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