Benjamin Computer has the following income statement and balance sheet. Sales Cost of goods sold Selling,...
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Benjamin Computer has the following income statement and balance sheet. Sales Cost of goods sold Selling, general & admin expenses Depreciation Interest expense Taxes (30%) Net income Cash Receivables Inventory Net fixed assets Total Assets Accounts payable Other current liabilities Notes payable Long-term debt Total Equity Total Liabilities & Equity What is Benjamin's times interest earned? 1,600,000 950,000 285,000 120,000 9,000 70,800 165,200 70,000 140,000 205,000 630,000 1,045,000 28,000 25,000 65,000 106,000 821,000 1,045,000 *** Benjamin Computer has the following income statement and balance sheet. Sales Cost of goods sold Selling, general & admin expenses Depreciation Interest expense Taxes (30%) Net income Cash Receivables Inventory Net fixed assets Total Assets Accounts payable Other current liabilities Notes payable Long-term debt Total Equity Total Liabilities & Equity What is Benjamin's times interest earned? 1,600,000 950,000 285,000 120,000 9,000 70,800 165,200 70,000 140,000 205,000 630,000 1,045,000 28,000 25,000 65,000 106,000 821,000 1,045,000 ***
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Calculate EBITearnings before interest and taxes EBIT Sales Cost of goods sold Selling general a... View the full answer
Related Book For
Understanding financial statements
ISBN: 978-0136086246
9th Edition
Authors: Lyn M. Fraser, Aileen Ormiston
Posted Date:
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