1. A company's interest expense is $19,000. Its income before interest expense and income taxes is...
1. A company's interest expense is $19,000. Its income before interest expense and income taxes is $128,250. Its net income is $52,600. The company's times interest earned ratio equals:
Multiple Choice
-
2.44.
-
0.148.
-
6.75.
-
0.41.
-
0.36.
2.
A company's income before interest expense and income taxes is $100,000 and its interest expense is $50,000. Its times interest earned ratio is:
Multiple Choice
-
1.00
-
2.00
-
0.70
-
0.50
-
1.50
Homework Answers
| times interest earned ratio | |||||
| income before interest and tax/interest expense | |||||
| 1) | 128,250/19000 | ||||
| 6.75 | |||||
| 2) | 100,000/50000 | ||||
| 2 | |||||
Add Answer to:
1. A company's interest expense is $19,000. Its income before
interest expense and income taxes is...
1. A company's interest expense is $26,000. Its income before interest expense and income taxes is...
1. A company's interest expense is $26,000. Its income before interest expense and income taxes is $221,000. Its net income is $106,100. The company's times interest earned ratio equals:
26. A company's income before interest expense and income taxes is $100,000 and its interest expense...
26. A company's income before interest expense and income taxes is $100,000 and its interest expense is $50,000. Its times interest earned ratio is: 0.50 1.50 2.00 1.00 0.70 27. A registrar keeps stockholder records and prepares official lists of stockholders and dividend payments. true of false 29.Eastline Corporation had 16,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 5,445 shares. At the time of the stock dividend, the market...
another choice is 1.98 which one is correct? A company had interest expense of $8,100, income...
another choice is 1.98
which one is correct?
A company had interest expense of $8,100, income before interest expense and income taxes of $19,400, and net income of $9,800. The company's times interest earned ratio equals: Multiple Choice Ο Ο Ο Ο
Hsu Company reported the following on its income statement: Income before income taxes Income tax expense...
Hsu Company reported the following on its income statement: Income before income taxes Income tax expense Net income $420,000 120,000 $300,000 Interest expense was $80,000. Hsu Company's times interest earned ratio is 6.25 times 5.25 times 8 times 5 times Which of the following is required by the Sarbanes-Oxley Act?
Wal-Mart had income before interest expense and income taxes of $12,581 million and interest expense of...
Wal-Mart had income before interest expense and income taxes of $12,581 million and interest expense of $1,063 million. Sears had income before interest expense and income taxes of $3,596 million and interest expense of $1,143 million. Calculate the times interest earned for each company and comment on the results.
Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax...
Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax expense 92,648 Net income $216,179 Interest expense was $78,205. Hsu Company's times interest earned ratio (rounded to two decimal places) is a. 2.76 times Ob. 3.95 times c. 1.76 times d. 4.95 times
Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December...
Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $191,000) Common stock, December 31 $422,000 119,000 55,560 8,650 314,000 210,000 $269,000 75,000 63,200 7,500 240,000 231,000 The average number of shares outstanding was 7,810 for 2018 and 6,880 for 2017 Required Compute the following ratios for Finch for 2018 and 2017. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on...
I need someone to help me in solving these exercises A company had income before interest...
I need someone to help me in solving these exercises A company had income before interest expense and income taxes of $176,000, and its interest expense is $55,000. Calculate the company's times interest earned ratio. A company borrowed $60,000 by signing a 60-day, 10% note payable from its bank. Compute the total cash payment due on the note's maturity date.
Current Attempt in Progress Sheridan Company reported the following on its income statement: Income before income...
Current Attempt in Progress Sheridan Company reported the following on its income statement: Income before income $579600 taxes Income tax expense Net income 161000 $418600 An analysis of the income statement revealed that interest expense was $84000. Sheridan Company's times interest earned was 6.9 times. 6.0 times. 5.0 times. 7.9 times.
HW-CH 9 QS 9-12 Times interest earned LO A1 Park Company reports interest expense of $145,000 and income before int...
HW-CH 9 QS 9-12 Times interest earned LO A1 Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1.885,000 (1) Compute its times interest earned (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? References Complete this question by entering your answers in the tabs below. Required i Required 2 Compute its times interest...
another choice is 1.98
which one is correct?
A company had interest expense of $8,100, income before interest expense and income taxes of $19,400, and net income of $9,800. The company's times interest earned ratio equals: Multiple Choice Ο Ο Ο Ο
Hsu Company reported the following on its income statement: Income before income taxes Income tax expense Net income $420,000 120,000 $300,000 Interest expense was $80,000. Hsu Company's times interest earned ratio is 6.25 times 5.25 times 8 times 5 times Which of the following is required by the Sarbanes-Oxley Act?
Hsu Company reported the following on its income statement: Income before income taxes $308,827 Income tax expense 92,648 Net income $216,179 Interest expense was $78,205. Hsu Company's times interest earned ratio (rounded to two decimal places) is a. 2.76 times Ob. 3.95 times c. 1.76 times d. 4.95 times
Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (2016: $191,000) Common stock, December 31 $422,000 119,000 55,560 8,650 314,000 210,000 $269,000 75,000 63,200 7,500 240,000 231,000 The average number of shares outstanding was 7,810 for 2018 and 6,880 for 2017 Required Compute the following ratios for Finch for 2018 and 2017. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on...
Current Attempt in Progress Sheridan Company reported the following on its income statement: Income before income $579600 taxes Income tax expense Net income 161000 $418600 An analysis of the income statement revealed that interest expense was $84000. Sheridan Company's times interest earned was 6.9 times. 6.0 times. 5.0 times. 7.9 times.
HW-CH 9 QS 9-12 Times interest earned LO A1 Park Company reports interest expense of $145,000 and income before interest expense and income taxes of $1.885,000 (1) Compute its times interest earned (2) Park's competitor's times interest earned is 4.0. Is Park in a better or worse position than its competitor to make interest payments if the economy turns bad? References Complete this question by entering your answers in the tabs below. Required i Required 2 Compute its times interest...
Most questions answered within 3 hours.
-
What is the positive energy states in Dirac’s picture? It says
that it leaves an empty...
asked 18 seconds from now -
Explain what we mean by "The electric field at the point marked
X is 10 N/C."...
asked 1 minute ago -
The heights in feet of some of the girls of SEU
are: 5.8, 6.1, 5.9, 5.4, 5.6,...
asked 31 minutes ago -
Caspian Sea Drinks is considering the purchase of a new water
filtration system produced by Rube...
asked 36 minutes ago -
Compare and contrast the
social media of Pepsi and Coke? which one is most effective and...
asked 36 minutes ago -
1.
Who initiates a lockout?
Group of answer choices
management
employees
unions
arbitrators
asked 37 minutes ago -
Many celebrities and public figures have Twitter accounts with
large numbers of followers. However, some of...
asked 1 hour ago -
In #13-16, use the following information. At the 0.01 level of
significance, test the claim that...
asked 47 minutes ago -
Suppose you wanted to make a buffer with pH 3.00. What chemicals
would you grab off...
asked 1 hour ago -
A 195 g mass attached to a horizontal spring oscillates at a
frequency of 5.20 Hz...
asked 51 minutes ago -
Given the reaction where 1.00 mol H2(g) is burned in excess
O2(g) at 25 °C,
H2(g)...
asked 1 hour ago -
Elemental phosphorus is produced by the reaction, 2Ca3(PO4)2
+6SiO2 +10C→6CaSiO3 +10CO+P4 Suppose that you have 7.00...
asked 1 hour ago