What was the firms times interest earned ratio

Assignment Help Financial Management

Reference no: EM13807983

Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's time’s interest earned (TIE) ratio?

Reference no: EM13807983

Questions Cloud

What is present value-assume the appropriate discount rate : An investment will pay you $91,000 in five years. Assume the appropriate discount rate is 6.25 percent compounded daily. What is the present value?

Earn an effective annual return on its consumer loans : Magnus Credit Corp. wants to earn an effective annual return on its consumer loans of 15.25 percent per year. The bank uses daily compounding on its loans.

Ratio analysis involves analyzing financial statements : Ratio analysis involves analyzing financial statements in order to appraise a firm's financial position and strength. A stock with a beta equal to -1.0 has zero systematic (or market) risk.

In a portfolio of three different stocks : In a portfolio of three different stocks, which of the following could NOT be true?

What was the firms times interest earned ratio : Orono Corp.'s sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's time’s interest earned (TIE) ratio?

What was boyds profit or loss from this contract : Boyd Company sold a futures contract (one) on Treasury bonds that specified a price of 93-00. When the position was closed out, the price of the Treasury bond futures contract was 94-20. Did interest rates increase or decrease? How do you know? What ..

Assuming that the stock market is efficient : Assuming that the stock market is efficient, is each of the following statements true or false. The stock price of Company X doubled over the past year, the stock price of Company Z decreased by over 50%. Company X is the better stock investment toda..

What is the firms expected long-term growth rate in earnings : Clothing retailer Abercrombie & Fitch enjoyed phenomenal success in the late 1990s. Between 1996 and 2000, its sales grew almost fourfold, from $335 million to more than $1.2 billion, and its stock price soared by more than 500%. What are the mean an..

User Account

All Pages