Stinky Carpet Cleaning Service produced net income of $125,600 in 2012. Interest expense was $12,550 during the
Question:
Required
Calculate Stinky's times interest earned ratio and briefly explain the result.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
125600 12550 42000 12550 1435 Times interest earned ratio comp...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Corporate Finance questions
-
During 2012, Blue Corporation produced net income of $1,550,000. The average number of shares of common stock outstanding for the year was 498,000. Required Calculate Blue's earnings per share for...
-
If $4,026 was withheld during the year and taxes owed were $4,050, would the person owe an additional amount or receive a refund? What is the amount?
-
If $4,323 was withheld during the year and taxes owed were $4,122, would the person owe an additional amount or receive a refund? What is the amount?
-
Using Table 1.6, write a structural formula for each of the following: a. An alcohol, C3H8O b. An ether, C4H10O c. An aldehyde, C3H6O d. A ketone, C3H6O e. A carboxylic acid, C3H6O2 f. An ester,...
-
Go online or to the library and identify a specific and recent incidence of violence in a work-place. As best you can, try to identify the circumstances surrounding the incident. Do you think the...
-
The following is the unadjusted trial balance for Rocky Mountain Resort Inc. at its year end, August 31, 2015. The company adjusts its accounts annually. Additional information: 1. The one-year...
-
Could Figure P28.12 represent the magnetic field due to a bar magnet that has a rectangular cross section rather than a circular cross section? Data from Figure P28.12 N S
-
Ronica Kluge and Sam Edwards formed a partnership on May 1, 20-1. Kluge contributed $120,000 and Edwards contributed $50,000. During the year, Kluge contributed an additional $30,000. The partnership...
-
What two different types of firmware may be used on motherboards? a. POST b. UEFI c. CMOS d. BIOS
-
a. Explain what is meant by the term angular speed. b. This diagram shows a rubber bung, of mass 200 g, on the end of a length of string being swung in a horizontal circle of radius 40 cm. The string...
-
Financial statement analysis is defined as the process of applying analytical tools to a company's financial statements to understand the company's financial health. Required Identify and briefly...
-
The following asset information is available for BSI Inc.: Required Prepare a horizontal analysis of BSI's assets. Round percentages to one decimal point (i.e., 12.8%). 2012 2011 S 35,000 60,000 Cash...
-
Why would an investor want to know the beta coefficient for a particular company? How could this information be used?
-
Suppose Biogen stock has a beta of 0.6. Assume a risk-free interest rate of 2.5% and a market risk premium of 5.5%. What is the expected return of Biogen stock based on the Capital Asset Pricing...
-
Assume Bill Jones invested $ 2,739.97 into an account exactly one year ago. The account has an interest rate of 3.4 % p.a. How much does Bill have in his account today (that is, exactly one year...
-
Why did Crenshaw make and begin using the term intersectionality ? According to Crenshaw, in describing the DeGraffenreid lawsuit, how did legal interpretations obscure lived experiences of...
-
1. (5pts) Use Newton's 2nd law to calculate the percentage of an object's volume that is above water, while floating at rest in freshwater. The object's average density is 640 kg/m3.
-
Explain potential forms of discrimination based on labor laws and regulations when conducting a performance appraisal.
-
How does the choice of company type affect the taxes of a company?
-
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that...
-
Jane Parker is going to set up a new business in Bruges on 1 January 20X1. She estimates that her first six months in business will be as follows: (i) She will put 150,000 into the firm on 1 January...
-
Mr. Norman is going to set up a new business in Singapore on 1 January 20X8. He will invest $150,000 in the business on that date and has made the following estimates and policy decisions: 1....
-
The Piano Warehouse Company Limited was established in the UK on 1 January 20X7 for the purpose of making pianos. Jeremy Holmes, the managing director, had 20 years experience in the manufacture of...
-
1. Given the functions f(x) = x + 1 and g(x) = 3-x, determine an equation for the combined function y = f(x)+ g(x). 2. If f= {(-7, 1), (-5, 8), (3, 11), (5,-1)) and g = {(-6, 4), (-5, 3), (-1, 7),...
-
Identify an area of Financial Services where you feel significant opportunities lie in relation to process management. Why do you feel this?
-
What is urban economics and what components of a city usually results in higher demand of a city's real estate. Describe at least three
Study smarter with the SolutionInn App