Nimitz Rental Company had depreciation expenses of $126,000, interest expenses of $114,000, and an EBIT of...
Nimitz Rental Company had depreciation expenses of $126,000, interest expenses of $114,000, and an EBIT of $1,805,000 for the year ended June 30, 2013. What are the times interest-earned and cash coverage ratios for this company?
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Nimitz Rental Company had depreciation expenses of $126,000,
interest expenses of $114,000, and an EBIT of...
Nimitz Rental Company provided the following information to its auditors. For the year ended March 31,...
Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2014, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is the cash flow for Nimitz Rental?
Question 6 Your answer is partially correct. Try again Nimitz Rental company provided the following information...
Question 6 Your answer is partially correct. Try again Nimitz Rental company provided the following information to auditors. For the year ended March 31, 2013, the company had revenues of $588,200, general and administrative sense of $351,400, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. the company's tax rates 34 percent, what is its net income after taxes? (Roudn edate cat s and answer to the rest whole dollar... 5.275.) Nimita Rental Company e...
income statement: Nimitz Rental Company provided the following information to its auditors, for the year ended...
income statement: Nimitz Rental Company provided the following information to its auditors, for the year ended March 31, 2011, the. company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78, 122. if the company's tax rate is 34 percent, what is its net income after taxes?
3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow...
3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow for Nimitz Rental? 3.21 Income statement: Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is its net income after
Nimi Rental Company provided the following information to auditors. For the year ended March 31, 2013,...
Nimi Rental Company provided the following information to auditors. For the year ended March 31, 2013, the company had revenue of $877,100, general and administrative expense of $363100, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rates 34 percent, what is net income after taxes (Round intermediate calculations and final answer to the nearest whole dotare. 5.225) Nimita Rental Company Income Statement as of March 31, 2013 Amount Net Sales...
Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales...
Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) Net income $2,110,000 1,460,000 317,000 27,000 $306,000 113,000 193,000 118,000 $75,000 26,250 $48,750 Oriole Supply Company Balance Sheet as of June 30, 2017($ thousands) Assets: Liabilities and Equity: Cash and marketable...
Suppose a firm has EBIT of $4.95 million, interest expenses of $2.4 million, depreciation expenses of...
Suppose a firm has EBIT of $4.95 million, interest expenses of $2.4 million, depreciation expenses of $1.3 million, and has a tax rate of 35%. Its bank agrees to lend up to 4.2 times its EBITDA. How much debt can the firm borrow from the bank? The maximum amount they can borrow is $? million
Ziebart Corp.'s EBITDA last year was $250,000 ( = EBIT + depreciation + amortization), its interest...
Ziebart Corp.'s EBITDA last year was $250,000 ( = EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amortization charges. What was the EBITDA coverage ratio? Select the correct answer. a. 3.51 b. 4.28 c. 5.05 d. 5.82 e. 6.59
Problem 3.26 Your answer is incorrect. Try again. Cullumber Rental Company provided the following information to...
Problem 3.26 Your answer is incorrect. Try again. Cullumber Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $870,996, general and administrative expenses of $350,038, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is the cash flow from operating activity for Cullumber Rental? (Round Intermediate calculations and final answer to the nearest...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $240,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio
Question 6 Your answer is partially correct. Try again Nimitz Rental company provided the following information to auditors. For the year ended March 31, 2013, the company had revenues of $588,200, general and administrative sense of $351,400, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. the company's tax rates 34 percent, what is its net income after taxes? (Roudn edate cat s and answer to the rest whole dollar... 5.275.) Nimita Rental Company e...
3.26 Cash flows: Refer to the information given in problem 3.21. What is the cash flow for Nimitz Rental? 3.21 Income statement: Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is its net income after
Nimi Rental Company provided the following information to auditors. For the year ended March 31, 2013, the company had revenue of $877,100, general and administrative expense of $363100, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rates 34 percent, what is net income after taxes (Round intermediate calculations and final answer to the nearest whole dotare. 5.225) Nimita Rental Company Income Statement as of March 31, 2013 Amount Net Sales...
Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) Net income $2,110,000 1,460,000 317,000 27,000 $306,000 113,000 193,000 118,000 $75,000 26,250 $48,750 Oriole Supply Company Balance Sheet as of June 30, 2017($ thousands) Assets: Liabilities and Equity: Cash and marketable...
Problem 3.26 Your answer is incorrect. Try again. Cullumber Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $870,996, general and administrative expenses of $350,038, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's average tax rate is 34 percent, what is the cash flow from operating activity for Cullumber Rental? (Round Intermediate calculations and final answer to the nearest...
Lever Age pays an 9% rate of interest on $10.40 million of outstanding debt with face value $10.4 million. The firm's EBIT was $1.4 million a. What is its times interest earned? (Round your answer to 2 decimal places.) Times interest earned b. If depreciation is $240,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) Cash coverage ratio
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