Panda Inc.’s net income for the most recent year was $16,585. The tax rate was 35...
|
Panda Inc.’s net income for the most recent year was $16,585. The tax rate was 35 percent. The firm paid $3,946 in total interest expense and deducted $2,625 in depreciation expense. 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 |
Homework Answers
![Cash coverage ratio = (EBIT + Depreciation ] = interest 8.13 (16585/0.65+3946+2625)/3946](http://img.homeworklib.com/questions/305160a0-6f5a-11ea-adfe-775ea532ebdd.png?x-oss-process=image/resize,w_560)
Add Answer to:
Panda Inc.’s net income for the most recent year was $16,585.
The tax rate was 35...
Delectable Parsnip, Inc.’s, net income for the most recent year was $9,312. The tax rate was...
Delectable Parsnip, Inc.’s, net income for the most recent year was $9,312. The tax rate was 34 percent. The firm paid $3,887 in total interest expense and deducted $5,073 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,...
Pop Evil, Inc.'s net income for the most recent year was $19,208. The tax rate was...
Pop Evil, Inc.'s net income for the most recent year was $19,208. The tax rate was 22 percent. The firm paid $3,856 in total interest expense and deducted $5,091 in depreciation expense. What was the 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
Delectable Parsnip, Inc.'s, net income for the most recent year was $10,512. The tax rate was...
Delectable Parsnip, Inc.'s, net income for the most recent year was $10,512. The tax rate was 34 percent. The firm paid $3,587 in total interest expense and deducted $5,673 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.,...
Delectable Parsnip, Inc.’s, net income for the most recent year was $8,795. The tax rate was...
Delectable Parsnip, Inc.’s, net income for the most recent year was $8,795. The tax rate was 21 percent. The firm paid $4,653 in total interest expense and deducted $5,124 in depreciation expense. What was the company’s cash coverage ratio for the year?
Ugh Inc.’s net income for the most recent year was 15,485. The tax rate was 20...
Ugh Inc.’s net income for the most recent year was 15,485. The tax rate was 20 percent. The firm paid 3,836 in total interest expense and deducted 2,515 in depreciation expense. What was the cash coverage ratio of the year?
Calculating the Cash Coverage Ratio Tommy Badfinger Inc.'s net income for the most recent year was...
Calculating the Cash Coverage Ratio Tommy Badfinger Inc.'s net income for the most recent year was $8,175. The tax rate was 34 percent. The firm paid $2,380 in total interest expense and deducted $1,560 in depreciation expense. What was Tommy Badfinger's cash coverage ratio for the year?
explain and answer please Calculating the Cash Coverage Ratio (LO2] Sherwood Inc.'s net income for the...
explain and answer please
Calculating the Cash Coverage Ratio (LO2] Sherwood Inc.'s net income for the most recent year was $13,168. The tax rate was 34 percent. The firm paid $3,605 in total interest expense and deducted $2,382 in depreciation expense. What was the cash coverage ratio for the year?
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of...
For the most recent year, Camargo, Inc., had sales of $ 546,000, cost of goods sold of $ 244,410, depreciation expense of $ 61,900, and additions to retained earnings of $ 74,300. The firm currently has 21,500 shares of common stock outstanding and the previous year's dividends per share were $ 1.25.Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Times...
For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of...
For the most recent year, Seether, Inc., had sales of $439,000, cost of goods sold of $219,200, depreciation expense of $58,900, and additions to retained earnings of $51,100. The firm currently has 24,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT $ How much in total...
For the most recent year, Seether, Inc, had sales of $454,000, cost of goods sold of...
For the most recent year, Seether, Inc, had sales of $454,000, cost of goods sold of S218,800, depreciation expense of S57,400, and additions to retained earnings of $49,800. The firm currently has 39,000 shares of common stock outstanding, and the previous years dividends per share were S1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT How much in total dividends...
Pop Evil, Inc.'s net income for the most recent year was $19,208. The tax rate was 22 percent. The firm paid $3,856 in total interest expense and deducted $5,091 in depreciation expense. What was the 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
Delectable Parsnip, Inc.'s, net income for the most recent year was $10,512. The tax rate was 34 percent. The firm paid $3,587 in total interest expense and deducted $5,673 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.,...
Calculating the Cash Coverage Ratio Tommy Badfinger Inc.'s net income for the most recent year was $8,175. The tax rate was 34 percent. The firm paid $2,380 in total interest expense and deducted $1,560 in depreciation expense. What was Tommy Badfinger's cash coverage ratio for the year?
explain and answer please
Calculating the Cash Coverage Ratio (LO2] Sherwood Inc.'s net income for the most recent year was $13,168. The tax rate was 34 percent. The firm paid $3,605 in total interest expense and deducted $2,382 in depreciation expense. What was the cash coverage ratio for the year?
For the most recent year, Seether, Inc, had sales of $454,000, cost of goods sold of S218,800, depreciation expense of S57,400, and additions to retained earnings of $49,800. The firm currently has 39,000 shares of common stock outstanding, and the previous years dividends per share were S1.45. The income tax rate is 32 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT How much in total dividends...
Most questions answered within 3 hours.
-
Write a c/c++ program to read a list of students from a file and
create a...
asked 1 minute ago -
Identify two different methods for collecting data in
qualitative research. What are the benefits and challenges...
asked 2 minutes ago -
I am suppose to have my array before the main class but I am
getting the...
asked 4 minutes ago -
Your task is to design the page table for the 32bit Pentium
microprocessor. Answer the following...
asked 10 minutes ago -
The Paradise Shoes Company has estimated its weekly TVC function
from data collected over the past...
asked 9 minutes ago -
A researcher wishes to study the cumulative effects of several
combinations of HIV drugs. There are...
asked 9 minutes ago -
Although Epicurus advocates pursuing pleasure for the
good life, discuss a few reasons why he does...
asked 26 minutes ago -
Problem 1: Present entries to record the selected transactions
described below:
(a)
Issued $2,790,000 of 5-year,...
asked 33 minutes ago -
Using technology to support HR activities increases:
a.
the efficiency of the administrative HR functions.
b....
asked 33 minutes ago -
1. List the features used to classify leaf
types.
2. List some characteristics that are shared...
asked 38 minutes ago -
The three elements of Value Proposition, Key Customers, and
Capabilities operate within an environment. Which of...
asked 41 minutes ago -
Katelynn, a physician, earns $200,000 from her medical practice
in the current year. She receives $45,000...
asked 48 minutes ago