Deep water scuba diving school has debt of $ 2 , 0 0 0 , 0 0

Fantastic news! We've Found the answer you've been seeking!

Question:

Deep water scuba diving school has debt of $

2, 000, 000

and the interest rate it pays on the debt is

10 % .

the sales of the company are

30, 000, 000 .

the tax rate is

25 %

and the net profit margin is

2 % .

what is the comapny\'s time interest earned ratio?

Related Book For answer-question

Linear Algebra And Its Applications

ISBN: 9781292351216

6th Global Edition

Authors: David Lay, Steven Lay, Judi McDonald

See More Books

Posted Date: Apr 30, 2024 06:23 AM

See More Questions

During the Great Depression, large segments of the population lived in poverty, particularly older people, who had a few job prospects and little savings. To reduce this hardship, the countrys...
A car of mass m starts from rest and accelerates so that the instantaneous power delivered to the car has a constant magnitude P. The instantaneous velocity of this car is proportional to : (a) t'P 0...
Describe the PRIZM system.
Refer to Exercise 11.10. After the least squares line has been obtained, the table below (which is similar to Table 11.2) can be used for (1) comparing the observed and the predicted values of y and...
1. Why was there dirty data in the UW database? 2. What were the consequences to UW of the dirty data? 3. How did UW address the problem of dirty data? 4. What were the benefits they experienced from...
Maggie Moylan Motorcycle Corp. uses kambans to support its transmission assembly line. Determine the size of the kanban for the mainshaft assembly and the number of kanbans needed. Setup cost = $20...
Grant has been working fulltime for ABC electric for the last 5 years as an Electrician. He has provided a recent paystub and a current letter of employment. While he does receive overtime...
Tropetech Inc.'s FCFs are expected to grow at a constant rate of 3.54% per year in the future. The market value of Tropetech Inc.'s outstanding debt is $87,744 million, and its preferred stocks'...
1.3 Table 1 below, presents the total salaries (in million pounds) and the number of points earned for 20 English Premier League teams in 1995/6. Table 1 English Premier League Teams data Team's name...
Pool your time length data with data from other class members or the entire class so that the pooled data set has at least 100 observations. Designate someone in the group to calculate the mean and...
You are a senior financial analyst of a firm based in Melbourne. You have been assigned with the task of training interns who recently joined your firm on how to use the free cash flow model to...
a.[2pts] Create a 1-variable Data table where the input is the sales growth rate, and the output is the NPV. The sales growth rate should increase from 7.5% to 12% with a constant increment of 0.5%....
The Mickey Corporation needs to perform the following activities with time given in weeks. (Please see the table below): Activity A B D E F G H I Immediate Predecessors A C B. D A, E E F G, H...
Hawaiian data indicate that life expectancy for Hawaiians is lower than that for whites and Asians living in the state. Which cultural, dietary, environmental, nutritional factors in your opinion,...
If you want to solve a minimization problem by applying the geometric method to the dual problem, how many variables and problem constraints must be in the original problem?
Are sunk costs, by definition, non-recoverable?
Why is it important to be clear about how costs can be classified to consider the degree of contestability of a market?
What are the four key assumptions of a perfectly contestable market?

Deep water scuba diving school has debt of $ 2 , 0 0 0 , 0 0

Question:

Expert Answer:

The time interest earned TIE ratio measures a companys ability to c... View the full answer

Linear Algebra And Its Applications

Students also viewed these finance questions