Following are the revenues and all expense items from a firm's income statement: Sales= 333,000 Cost...
Following are the revenues and all expense items from a firm's income statement:
Sales= 333,000
Cost of Goods Sold= 200,000
Selling and General Expense= 61,500
Depreciation and Amortization= 24,000
Interest Expense= 6,000
Income Tax= 2,400
What is the firm's EBITDA interest coverage?
Homework Answers
EBITDA= Sales - cost of goods sold - selling and general expense
= 333,000 - 200,000 - 61,500
= 71,500
EBITDA interest coverage = EBITDA / interest expense
= 71,500 / 6,000
= 11.92
Add Answer to:
Following are the revenues and all expense items from a firm's
income statement:
Sales= 333,000
Cost...
Your firm has the following income statement items: sales of $50,250,000; income tax of $1744000; operating...
Your firm has the following income statement items: sales of $50,250,000; income tax of $1744000; operating expenses of $8750000; cost of goods sold of $35025000; depreciation and amortization of $1365000; and interest expense of $750000. What is the amount of the firm's after tax cash flow?
Identify each of the following items relating to sections of an income statement as Revenue from Sales, Cost of Goods So...
Identify each of the following items relating to sections of an income statement as Revenue from Sales, Cost of Goods Sold, Selling Expenses, General Expenses, Other Income , or Other Expenses. Utilities Expense Advertising Expense Purchases Discounts Sales Returns and Allowances Interest Income Freight In Depreciation Expense, Equipment Interest Expense Rent Expense Sales
Question 7 10 pts Sample Income Statement Items Current Year Revenues $ 183,000 Cost of Sales...
Question 7 10 pts Sample Income Statement Items Current Year Revenues $ 183,000 Cost of Sales 109,600 Selling. General, & Admin. Expenses 32,800 Depreciation 15,500 Interest Expense 2,300 Tax Expense Net Income The table above contains select income statement items for XYZ Corp for the current year. Based on the information above and assuming a tax rate of 33 calculate the Net Income for XYZ Corp for the current year. Note: Round your answer to the nearest dollar. For example,...
Income Statement- December 31, 2014 to December 31, 2015 Operating Revenues and Expenses Operating Revenues $1,000...
Income Statement- December 31, 2014 to December 31, 2015 Operating Revenues and Expenses Operating Revenues $1,000 Sales Returns 22,400 250 22,150 Total Operating Revenues Operating Expenses Cost of goods and services sold 6,000 3,000 6,000 900 250 6,000 600 22,750 Labor Materials Indirect cost Selling and promotion Depreciation General and administrative Lease payment Total Operating Expense Total Operating Income -600 Nonoperating Revenues and Expenses Rents Interest receipts Interest payments 30 200 -80 150 Total nonoperating Income Net Income before Tax...
E5-6 (similar to) 1 Income statement The current year's statement of net income for Bunie's Bumpers,...
E5-6 (similar to) 1 Income statement The current year's statement of net income for Bunie's Bumpers, Inc. is presented below in a single-step format EE ( Click the icon to view the inoome statement.) Burnie's Bumpers, Inc. Income Statement For the Year Ended December 31 Prepare a condensed, multiple-step statement of net income for Burnie's Bumpers, Inc. that includes all supporting Burnie's Bumpers, Inc. Staterment of Net Income For the Year Ended December 31 Revenues and Gains Interest Income Dividend...
A firm's income statement included the following data. The firm's average tax rate was 20% $...
A firm's income statement included the following data. The firm's average tax rate was 20% $ 9,400 Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation 3,400 4,400 2,400 2,400 a. What was the firm's net income? Net income $D b. What must have been the firm's revenues? Revenues $C c. What was EBIT? EBIT $N Candy Canes, Inc., spends $262,000 to buy sugar and peppermint in April. It produces its candy and sells it to distributors...
The following items were taken from the adjusted trial balance of the Biggler Manufacturing Corporation on...
The following items were taken from the adjusted trial balance of the Biggler Manufacturing Corporation on 31 December 20X5. Assume an average 20% income tax on all items (including the divestiture loss). The accounting period ends 31 December. All amounts given are pre-tax. Sales revenue $745,200 Rent revenue 2,400 Interest revenue 900 Gain on sale of capital assets 2,000 Distribution expenses 136,000 General and administrative expenses 110,000 Interest expense 1,500 Depreciation and amortization 6,000 Court-ordered divestiture loss 19,000 Cost of...
A firm's income statement included the following data. The firm's average tax rate was 20%. $...
A firm's income statement included the following data. The firm's average tax rate was 20%. $ 9,600 Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation 3,600 4,600 2,600 2,600 a. What was the firm's net income? Net income b. What must have been the firm's revenues? Revenues $ c. What was EBIT? EBIT $
Royster Company presents the following income statement: Sales $12,000 Cost of goods sold $6,000 Selling and...
Royster Company presents the following income statement: Sales $12,000 Cost of goods sold $6,000 Selling and administrative expense $1,200 Interest expense $600 Pretax income $4,200 Income tax expense $1,470 Net income $2,730 Which of the following line items would appear on a common-size income statement for this period? Net income 65% Income tax expense 54% Pretax income 35%
The following is a single-step income statement for the James Bonds Company: James Bonds Company Income...
The following is a single-step income statement for the James Bonds Company: James Bonds Company Income Statement For the Year Ended December 31, 2016 Revenues: Sales $300,000 interest Income me 20.000 Total Revenues $320,000 Expenses: Cost of Goods Sold $60,000 Selling Expenses 25,000 General and Administrative Expenses 30,000 Interest Expense 14,000 Total Expenses 129.000 Net Income $191.000 Revenues: Sales $300,000 Interest Income 20,000 Total Revenues $320,000 Expenses: Cost of Goods Sold $60,000 Selling Expenses 25,000 General and Administrative Expenses 30,000...
Question 7 10 pts Sample Income Statement Items Current Year Revenues $ 183,000 Cost of Sales 109,600 Selling. General, & Admin. Expenses 32,800 Depreciation 15,500 Interest Expense 2,300 Tax Expense Net Income The table above contains select income statement items for XYZ Corp for the current year. Based on the information above and assuming a tax rate of 33 calculate the Net Income for XYZ Corp for the current year. Note: Round your answer to the nearest dollar. For example,...
Income Statement- December 31, 2014 to December 31, 2015 Operating Revenues and Expenses Operating Revenues $1,000 Sales Returns 22,400 250 22,150 Total Operating Revenues Operating Expenses Cost of goods and services sold 6,000 3,000 6,000 900 250 6,000 600 22,750 Labor Materials Indirect cost Selling and promotion Depreciation General and administrative Lease payment Total Operating Expense Total Operating Income -600 Nonoperating Revenues and Expenses Rents Interest receipts Interest payments 30 200 -80 150 Total nonoperating Income Net Income before Tax...
E5-6 (similar to) 1 Income statement The current year's statement of net income for Bunie's Bumpers, Inc. is presented below in a single-step format EE ( Click the icon to view the inoome statement.) Burnie's Bumpers, Inc. Income Statement For the Year Ended December 31 Prepare a condensed, multiple-step statement of net income for Burnie's Bumpers, Inc. that includes all supporting Burnie's Bumpers, Inc. Staterment of Net Income For the Year Ended December 31 Revenues and Gains Interest Income Dividend...
A firm's income statement included the following data. The firm's average tax rate was 20% $ 9,400 Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation 3,400 4,400 2,400 2,400 a. What was the firm's net income? Net income $D b. What must have been the firm's revenues? Revenues $C c. What was EBIT? EBIT $N Candy Canes, Inc., spends $262,000 to buy sugar and peppermint in April. It produces its candy and sells it to distributors...
A firm's income statement included the following data. The firm's average tax rate was 20%. $ 9,600 Cost of goods sold Income taxes paid Administrative expenses Interest expense Depreciation 3,600 4,600 2,600 2,600 a. What was the firm's net income? Net income b. What must have been the firm's revenues? Revenues $ c. What was EBIT? EBIT $
The following is a single-step income statement for the James Bonds Company: James Bonds Company Income Statement For the Year Ended December 31, 2016 Revenues: Sales $300,000 interest Income me 20.000 Total Revenues $320,000 Expenses: Cost of Goods Sold $60,000 Selling Expenses 25,000 General and Administrative Expenses 30,000 Interest Expense 14,000 Total Expenses 129.000 Net Income $191.000 Revenues: Sales $300,000 Interest Income 20,000 Total Revenues $320,000 Expenses: Cost of Goods Sold $60,000 Selling Expenses 25,000 General and Administrative Expenses 30,000...
Most questions answered within 3 hours.
-
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 29 minutes ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 14 minutes ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 2 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 3 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 3 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 3 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 4 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 4 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 4 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 4 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 5 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 5 hours ago