For the most recent year, Camargo, Inc., had sales of $586,000, cost of goods sold of...
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For the most recent year, Camargo, Inc., had sales of $586,000, cost of goods sold of $253,510, depreciation expense of $66,900, and additions to retained earnings of $79,300. The firm currently has 26,500 shares of common stock outstanding and the previous year's dividends per share were $1.60. Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) For the most recent year, Camargo, Inc., had sales of $586,000, cost of goods sold of $253,510, depreciation expense of $66,900, and additions to retained earnings of $79,300. The firm currently has 26,500 shares of common stock outstanding and the previous year's dividends per share were $1.60. Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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To calculate the times interest earned ratio we first need to find the earnings before interest and ... View the full answer
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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