Delectable Parsnip, Inc.'s, net income for the most recent year was $8,417. The tax rate was 34
Question:
Delectable Parsnip, Inc.'s, net income for the most recent year was $8,417. The tax rate was 34 percent. The firm paid $4,632 in total interest expense and deducted $5,105 in depreciation expense. What was the company's cash coverage ratio for the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
The cash coverage ratio measures the available cash for paying the interest expens...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Question Posted:
Students also viewed these Cost Accounting questions
-
Panda Inc.'s net income for the most recent year was $9,620. The tax rate was 34 percent. The firm paid $2,380 in total interest expense and deducted $3,170 in depreciation expense. What was the...
-
Delectable Turnip, Inc.'s, net income for the most recent year was $7,638. The tax rate was 34 percent. The firm paid $3,816 in total interest expense and deducted $4,873 in depreciation expense....
-
Delectable Turnip Inc.'s net income for the most recent year was $10,508. The tax rate was 34 percent. The firm paid $3,685 in total interest expense and deducted $4,382 in depreciation expense. What...
-
Consider the maleic anhydride process shown in Appendix B.5. Estimate the profit margin for this process using the costs of raw materials and products from Table 8.4. Figure B.5.1 Table 8.4 Costs of...
-
Why is developing an effective process strategy particularly important for service firms?
-
An economy has the production function Y=0.2(K + N). In the current period K = 100 and N = 100. a. Graph the relationship between output and capital, holding labour constant at its current value....
-
VMO is typically a ________ limitation.
-
Evaluating strategies on a continuous rather than a periodic basis is desired. Discuss the pros and cons of this statement.
-
11. As you perform your shift assessment, you notice that the client's IV is infusing at 38 gtts/min and should be infusing at 150 mL/hour. The IV has a drop factor of 10 gtts/mL. How fast is the...
-
A reliable sales forecast has been obtained indicating that the Special Products Company (see Section 1.2) would be able to sell 30,000 iWatches, which appears to be enough to justify introducing...
-
The Dahlia Company has net income of $162,840. There are currently 29.38 days' sales in receivables. Total assets are $794,350, total receivables are $145,350, and the debt-equity ratio is .25. What...
-
For the most recent year, Seether, Inc., had sales of $534,000, cost of goods sold of $241,680, depreciation expense of $60,400, and additions to retained earnings of $72,800. The firm currently has...
-
If S X is a subspace of a linear space X, then 1. S contains the null vector 0 2. for every x S, the inverse -x belongs to S
-
Waban prepared draft financial statements for the year ended 31 March 2024, which showed a draft profit for the year of 43,750. His draft financial statements were prepared by a Trainee Accountant....
-
Communication Ethics: Providing Ethical Leadership Cisco, a leading manufacturer of equipment for the internet and corporate networks, has a code of ethics that it expects employees to abide by....
-
True or False? If you answer False, correct the statement. 1. An array is a random-access structure. 2. A sequential list is a random-access structure. 3. A linked list is a random-access structure....
-
As a college student and an active consumer, you may have considered one or more of the following questions at some point in the past few years: What criteria distinguish the top-rated MBA programs...
-
The speed of a bullet can be measured by firing it at a wooden cart initially at rest and measuring the speed of the cart with the bullet embedded in it. Figure P4.80 shows a \(12-\mathrm{g}\) bullet...
-
A manufacturer warrants a product for parts and labor for 1 year and for parts only for a second year. The time to a failure of the product after it is sold is given by the probability density...
-
Refer to Example 9.15. Add the following functionality to this program: Allow the user to enter the cost of a gallon of gas on each trip and use a function, Cost() to calculate the cost of purchasing...
-
Treasury pricing with regard to bid and ask prices on a Treasury bond, is it possible for the bid price to be higher? Why or why not?
-
Treasury pricing with regard to bid and ask prices on a Treasury bond, is it possible for the bid price to be higher? Why or why not?
-
Yield to Maturity treasury bid and ask quotes are sometimes given in terms of yields, so there would be a bid yield and an ask yield. Which do you think would be larger? Explain.
-
Given the function. f(x) = ln (2x+3x) Compute f'(x). Enter your answer rounded to the nearest tenth
-
A motor-cycle manufacturing company desires a profit of $600,000. The fixed costs are $800,000. The unit selling price of the motor-cycle is $750 and the variable cost per unit is $680. How many...
-
3. ZR Corporation's stock has a beta coefficient equal to 0.8 and a required rate of return equal to 11 percent. If the expected rate of return on the market is 12.5 percent, what is the risk-free...
Study smarter with the SolutionInn App