A company reports the following: Income before income tax ........... $6,480,000 Interest expense ................................. 600,000 Determine the
Question:
A company reports the following:
Income before income tax ........... $6,480,000
Interest expense ................................. 600,000
Determine the times interest earned ratio. Round to one decimal place.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
Income before income Tax Add interest Exp...View the full answer
Answered By
Kamalakar Kapase
I am an Assistant Professor of commerce at B.Y.K College, College Rd, Nashik, Maharashtra 422005. My highest qualification is SET. I have completed my masters in advance accounting & taxation. Recently I have completed my diploma in taxation law. Currently I am pursuing PHD in business Administration.
I am in this profession of teaching from last 3 years. Every time whenever I am going to teach a class as a part of this noble profession .....I am learning also. I am trying consistently ....how to represent, interpret, summarize and rethink about the whole concept I wish to teach or rather inspire my students in a specific period of time assigned to me.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
A company reports the following accounts on its classified balance sheet: Additional paid in capital ...... Accounts receivable Land .............. Bonds payable, due in 10 years Treasury stock...
-
A company reports the following information from its financial statements: Required Conduct horizontal and vertical analyses of inventory for the current year. Round percentages to one decimal point...
-
A company reports the following for accounts receivable: Required For each year, determine the company's total or gross accounts receivable, net realizable value of accounts receivable, and allowance...
-
The following atomic absorption results were obtained for determinations of Zn in multivitamin tablets. All absorbance values are corrected for the appropriate reagent blank (c Zn = 0.0 ng/mL). The...
-
In February 2011, there is an unexpected temporary surge in the demand for notebook hard drives, increasing the monthly demand for hard drives by 25 percent at any possible price. As a result of...
-
Why are the approaches for determining the relative importance of predictor variables not satisfactory for marketing research?
-
Marian Crone owns and operates a public relations firm called Dance Fever, Inc. The following amounts summarize her business on August 31, 2011: During September 2011, the business completed the...
-
Members of the board of directors of Security Force have received the following operating income data for the year just ended: Members of the board are surprised that the industrial systems product...
-
Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $260,000. Project 2 requires an initial investment of $165,000. Annual...
-
You are Maria Herrera and have been recently promoted to the position of director of financial analysis for a medium-size consumer goods firm. During your first few weeks on the job, you took the...
-
Hasbro, Inc. and Mattel, Inc. are the two largest toy companies in North America. Condensed liabilities and stockholders equity from a recent balance sheet are shown for each company as follows (in...
-
A company reports the following: Income before income tax ....... $6,000,000 Interest expense ............................. 300,000 Determine the times interest earned ratio. Round to one decimal...
-
Which stage of cellular respiration produces the most ATP? Explain?
-
Consider the following figure. (The four charges are at the corners of a square. Take q = 1.09 C and Q = 2.09 C.) 9=Q 9=9 94-Q 10.0 cm 93=-9 (a) In the figure, what are the magnitude and direction of...
-
Name: Address Class Identification Address 10.250.1.1 150.10.15.0 192.14.2.0 148.17.9.1 193.42.1.1 126.8.156.0 220.200.23.1 230.230.45.58 177.100.18.4 119.18.45.0 249.240.80.78 199.155.77.56...
-
Required information Exercise 9-12 (Static) Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January...
-
List and discuss four factors that influence the delivery of an oral and slide presentation in a face-to-face organizational setting. What should a presenter do and not do to be successful. PART 2:...
-
The non-financial benefits and costs that might be associated the purchase of the special van; and Michael can source the potting mix from a supplier overseas for half the original estimate. He does...
-
Is an adjusted trial balance up to date and complete? Discuss.
-
Pearson Education, a publisher of college textbooks, would like to know if students prefer traditional textbooks or digital textbooks. A random sample of students was asked their preference and the...
-
Four years after issue, debentures with a face value of $1,000,000 and book value of $960,000 are tendered for conversion into 80,000 shares of common stock immediately after an interest payment...
-
On July 1, 2010, Roberts Corporation issued $3,000,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par...
-
What are stock rights? How does the issuing company account for them?
-
cos (2x2)-1 Let f(z) = Evaluate the 6th derivative of fat z = 0. 2 f(0) (0)= Hint: Build a Maclaurin series for f(x) from the series for cos(x).
-
Do you think that it should be legal to falsely implicate a suspect as a participant in a crime by suggesting that there is physical evidence from their person, reflecting that they were present at...
-
In this practice activity, you will identify key roles and responsibilities of criminal justice professionals regarding victims. You will also describe potential consequences to victims when those...
Study smarter with the SolutionInn App