What was the company taxable income for the year

Assignment Help Financial Management
Reference no: EM131828971

Delectable Parsnip, Inc.’s, net income for the most recent year was $9,112. The tax rate was 30 percent. The firm paid $3,937 in total interest expense and deducted $4,973 in depreciation expense.

What was the company’s taxable income for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Taxable income            $

What was the company’s EBIT for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

EBIT            $

What was the company’s cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Cash coverage ratio             times

Reference no: EM131828971

Questions Cloud

What is the amount of the firm current assets : What is the amount of the firm’s net income? What is the amount of the firm’s current assets?
What is the firm debt–equity ratio and equity multiplier : What is the firm’s equity multiplier? What is the firm’s debt–equity ratio?
What was the company earnings before tax : How much in total dividends did the company pay? What was the company's earnings before tax (EBT)?
Calculate the expected total return : Calculate the Expected Total Return you would earn if you hold the bond for one year and the market YTM
What was the company taxable income for the year : What was the company’s taxable income for the year? What was the company’s EBIT for the year?
Statements about the financial ratio characteristics : Which of the following statements about the financial ratio characteristics is incorrect?
What is the total equity and net income : A fire has destroyed a large percentage of the financial records of the Excandesco Company. What is the total equity? What is the net income?
Manufacturers suggested retail price : A light-duty pickup truck has a manufacturers suggested retail price (MSRP) of $13,000 on its window.
Are future short-term interest rates expected to fail : Are future short-term interest rates expected to fail? The net asset value of a mutual funds share increase with?

Reviews

Write a Review

Financial Management Questions & Answers

  What does indicate about hornets dividend paying ability

Hornet Company had operating cash flow of $60,000 during a year in which it paid dividends of $11,000. What does this indicate about Hornet's dividend-paying ability?

  Find zero coupon bond with a par value

You find a zero coupon bond with a par value of $10,000 and 26 years to maturity. The yield to maturity on this bond is 4.8 percent. Assume semiannual compounding periods.

  What is the discount factor

What is the discount factor if beta is 1.2, the market risk premium is 5 percent, and the riskfree return is 4 percent?

  Forces unique to health care that influence competition

Are there forces unique to health care that influence competition?

  What is the range of lease payment that would acceptable

What is the range of lease payment that would acceptable from the Lessee and the Lessor’s view point.

  Someone with inside information disrupt efficient markets

How can someone with inside information disrupt efficient markets? What measures can/should be taken to stop these disruptions?

  Assume that the company uses absorption-variable costing

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. Assume that the co..

  How to calculate the average market price

How to calculate the average market price? Anoi Inc. is about to announce that it will expect to experience rapid growth for the near future with dividends growing at 27% for the next two years, 17% for the following two years, and then its current n..

  What is the value of the synthetic put

Consider a put and a call, both on the same underlying stock that has present price of $53. what is the value of the synthetic put?

  What is jack weighted average cost of capital

Jack's Construction Co. has 100,000 bonds outstanding that are selling at par value. The bonds yield 10.2 percent. The company also has 4.7 million shares of common stock outstanding. The stock has a beta of 1.9 and sells for $55 a share. The U.S. Tr..

  Bond is the interest rate you earn on your investment

The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. If you actually sell the bond before it matures, your realized return is known as the holding period yield (HPY).

  What is his after-tax yield on the bonds

John Friedman is in the 40 percent personal tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate. What is his after-tax yield (interest rate) on the bonds?

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