Taxable income = Net income / (1-tax%) | =10512/(1-34%) |
15927.27 |
EBIT = Taxable income + Interest expense | =15927.27+3587 |
19514.27 |
Cash Coverage ratio = ( EBIT + Depreciation ) / Interest | =(19514.27+5673)/3587 |
7.02 |
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 $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,...
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?
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
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
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 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...
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?
The Moraine Company has net income of $168,850. There are currently 33.05 days' sales in receivables. Total assets are $857,000, total receivables are $148,200, and the debt-equity ratio is 70 .a. What is the company's profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)b. What is the company's total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c. What is...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 3,181 $ 3,257 Accounts payable $ 2,158 $ 2,610 Accounts receivable 4,762 5,771 Notes payable 1,755 2,126 Inventory 12,498 13,772 Other 91 108 Total $ 20,441 $ 22,800 Total $ 4,004 $ 4,844 Long-term debt $ 13,300 $ 16,060 Owners’ equity Common stock and...
Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC. Balance Sheets as of December 31, 2018 and 2019 2019 2018 2018 2019 Liabilities and Owners' Equity Assets Current assets Current liabilities $ 3,181 $ 3,257 4,762 5,771 12,498 13,772 $ 2,158 $ 2,610 1,755 2,126 Cash Accounts payable Notes payable Accounts receivable Inventory Other 91 108 $ 4,004 $ 4,844 $20,441 $22,800 Total Total Long-term debt Owners' equity $13,300 $16,060 Common stock 38,500 $38,500 $ and paid-in...