What was the times interest earned ratio

Assignment Help Financial Management

Reference no: EM132033578

A company had sales of $400 million. Its cost of good sold and operating expenses were 28% and 32.5% of sales, respectively. Its tax rate was 34%. Its retained earnings for that year were $58 million. There are 22 million shares outstanding, and the firm pays a dividend of $1.60 per share. (a) Construct the income statement. (b) What was the operating profit margin? (c) What was the times interest earned ratio? SHow formulas and steps on how so solve each.

Reference no: EM132033578

Questions Cloud

Considering the purchase of arras manufacturing : Schultz Industries is considering the purchase of Arras Manufacturing. What is the maximum price per share Schultz should pay for Arras?

Role of vitamins and other micro nutrients : What do you think are the role of vitamins and other micro nutrients? How do the following transfer through the body?

What is the economic life of the vehicle : What is the economic life of the vehicle if the rate of interest is 5%?

What are the building blocks that make up our genes : What are the building blocks that make up our genes? What are the three components of the building block?

What was the times interest earned ratio : Construct the income statement. What was the operating profit margin? What was the times interest earned ratio?

How do we know that lysozyme is what is killing the bacteria : How do we know that lysozyme is what is killing the bacteria? How could we be sure that the bacteria are not just becoming clear all by themselves?

Company operating return on assets and the return on equity : What was the company’s operating return on assets and the return on equity?

What is the company current ratio before the increase : What is the company’s current ratio before the increase?

User Account

All Pages