What was the times interest earned ratio

Assignment Help Financial Management

Reference no: EM131603468

For the most recent year, Seether, Inc., had sales of $440,000, cost of goods sold of $219,100, depreciation expense of $58,800, and additions to retained earnings of $51,000. The firm currently has 25,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.25.

Assuming a 34 percent income tax rate, what was the times interest earned ratio?

Reference no: EM131603468

Questions Cloud

What is the yield-to-maturity of the bond : What is the yield-to-maturity of the bond? What is the effective annual rate implied by this price?

Increase in the NPV when switching from checks to ACH : Which of the following will lead to an increase in the NPV when switching from checks to ACH?

According to the NPV rule : You are considering making a movie. According to the NPV rule, should you make this movie?

The effective annual cost of trade credit under these terms : What is the effective annual cost of trade credit under these terms? Use a 365-day year.

What was the times interest earned ratio : Assuming a 34 percent income tax rate, what was the times interest earned ratio?

Describe the capital budgeting process : Describe the Capital Budgeting Process.

Earnings that grow more quickly in the future : Earnings that grow more quickly in the future, is adding value to the firm.

Flotation costs and issue size : how large must the issue be so that the firm will net $5, 800,000? how many shares must be issued?

Influence organization to consider international expansion : What factors influence an organization to consider international expansion?

User Account

All Pages