What was flint corporation times interest earned

Assignment Help Accounting Basics
Reference no: EM131730328

Question - In a recent year Flint Corporation had net income of $163000, interest expense of $28500, and income tax expense of $40100. What was Flint Corporation's times interest earned (rounded) for the year?

6.72

7.13

5.72

8.13

Reference no: EM131730328

Questions Cloud

Brackens testified that during her confinement : Brackens testified that during her confinement in the hospital, she at all times believed that Drs. Taras and Tobes were hospital physicians employed.
Discuss the potential types of media that could be involved : Discuss the potential types of media that could be involved in the case. Explain the purpose and importance of an Electronics Management Plan.
Define and explain deontology : Explain deontology and the role of the categorical imperative in determining one's ethical duty.
Examine the concept of product life cycle analysis : Examine the concept of product life cycle analysis. Provide one example of the way in which this analysis can help an organization.
What was flint corporation times interest earned : In a recent year Flint Corporation had net income of $163000, What was Flint Corporation's times interest earned (rounded) for the year
Directors do not want to issue a prospectus : Are there any alternatives available if the directors do not want to issue a prospectus?
There is pay freeze this year for employees : You are middle manager for an organization and have just come out of staff meeting in which the CEO has stated that there is pay freeze this year for employees.
Discussion about the different levels of education : The authors also wanted to test whether women with different levels of education would differ in their ability to guess the sex of their babies correctly.
Concerned about the reduction of shares : Advice the directors of Craft Ltd of how this can be achieved under the Corporations Act and whether any creditors may have cause to be concerned.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Identified written communication and ethical reasoning

The C. T. Bauer College of Business has identified written communication and ethical reasoning as major learning outcomes for all of the undergraduate degree programs. This Business Writing Evaluation uses ethical reasoning as the basis for a wri..

  What are the financial techniques used to evaluate capital

what are the financial techniques used to evaluate capital projects in an organization? with respect to the

  Doughboy bakery would like to buy a new machine for putting

doughboy bakery would like to buy a new machine for putting icing and other toppings on pastries. these are now put on

  In year 1 gsl corps alternative minimum tax base was

in year 1 gsl corp.s alternative minimum tax base was 2000000 and its regular tax liability is 350000.a. what is gsls

  Journalize the transactions

A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares of 4%, Journalize the transactions

  The sales manager believes that a reduction in the sales

rosario company which is located in buenos aires argentina manufactures a component used in farm machinery. the firms

  What are the potential penalties

Is Sanchez Printers proceeding legally by requiring its employees to work extra hours without compensation to make up for the hours lost on the Friday holiday? Explain. What are the potential penalties the company could face if their actions are i..

  Fixed labor far north telecom ltd of ontario has organized

fixed labor far north telecom ltd. of ontario has organized a new division to manufacture and sell specialty cellular

  Determine the net proceeds from sale of bond show cash

currently warren industries can sell 15-year 1000-part-value bonds paying annual interest at a 12 coupon rate. as a

  Prepare the cash receipts budget for the second quarter

GrowMaster Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for the coming year. Prepare the cash receipts budget

  Given this scenario a serious disease has broken out on

given this scenario a serious disease has broken out on nacierma that takes the lives of 10 of the population every

  Why are budgets useful in the planning process

Why are budgets useful in the planning process? Which of the following statements about budget acceptance in an organization is true?

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!

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