Elddir, Inc. has net income of net income of 9000, a tax rate of 34%, interest expense
Question:
Elddir, Inc. has net income of net income of 9000, a tax rate of 34%, interest expense of 2940 and deducted depreciation expense of 2730. What is Elddir's cash coverage ratio?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The formula for cash coverage ratio is Earnings Before Interest ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324272055
10th edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Corporate Finance questions
-
Hillman Inc. has net income of $160,000, weighted average shares of common stock outstanding of 50,000, and preferred dividends for the period of $40,000.What is Hillmans earnings per share of common...
-
Hawi Inc. has net income of $200,000, average shares of common stock outstanding of 40,000, and preferred dividends for the period of $20,000. What is Hawis earnings per share of common stock ? Sid...
-
Comparison of the Direct Write-Off and Allowance Methods of Accounting for Bad Debts In its first year of business, Rideaway Bikes has net income of $145,000, exclusive of any adjustment for bad...
-
3. Six Sigma College of Business offers five different courses of study. The planned enrollment in each course is 25 students. Registration for the upcoming semester of study has been recently...
-
Steam enters a diffuser steadily at 0.5 MPa, 300C, and 122 m/s at a rate of 3.5 kg/s. The inlet area of the diffuser is (a) 15 cm2 (d) 150 cm2 (b) 50 cm2 (e) 190 cm2 (c) 105 cm2
-
According to the ACFEs Report to the Nations, what percentage of their revenues do organizations lose to fraud? Based on the 2015 World GDP, approximately how much is that in dollars?
-
The no-load temperature of a building with internal heat sources is given by Equation 7.72. How would this equation be modified to account for heat losses through the surface of an unheated slab, the...
-
Safety Chemical produces and sells an ice-melting granular used on roadways and sidewalks in winter. It annually produces and sells about 100 tons of its granular. In its nine-year history, the...
-
ABC company has a capital structure with debt and equity. Debt - $50 million face value bonds maturing in 15 years with a coupon rate of 4% paid semi-annually. Similar bonds are selling at 97.5....
-
Methane is compressed in two-stage, double-acting compressor which is electrically driven at 165 rpm. The low pressure cylinder (30.5 x 35.5 cm) receives 6.86 cu m per minute of air at 96.53 kPa,...
-
Scott Bennett is preparing his balance sheet and income and expense statement for the year ending June 30, 2016. He is having difficulty classifying six items and asks for your help. Which, if any,...
-
You wish to retire a $10,000,000 bond that can be called in 5 years for 110 percent of par value, or $11,000,000. You also need to make year-end interest payments of $700,000 per year in each of the...
-
Find the general solution of the following equations. dy/dt = 3t 2 /y
-
1010 1. Add the following Chart of Accounts: Bank - Chequing 1600-200 Revenue from Textbook Sales 1030 1 Bank Credit Card 1620-100 Sales Discounts 1100 Accounts Receivable 1620-200 Sales Discounts...
-
How can a medical terminology help a person that is a family medicine supervisor? How can the content help you in their current career? How can the content help in the future career of a practice...
-
Instructions Using Microsoft word, write a blog post that addresses the following issues. You must include at least one (1) hyperlink to a web article in each section of the blog post, e.g., a link...
-
White Company has two departments, Cutting and Finishing. The company uses job-order costing and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on...
-
Sunnyday Ltd has a financial year that runs from 1 January to 3 1 December. In the most recent year, the opening statement of financial position at 1 January had a prepayment of 1 , 6 3 0 for...
-
Liu Limited purchased all the outstanding ordinary shares of Yang Plastics on December 31, 2020. Just before the purchase, the condensed statements of financial position of the two companies appeared...
-
Read Case Study Google: Dont Be Evil Unless and answer the following: Why do you think Google was adamant about not wanting to supply information requested by the government concerning the Child...
-
The probability that a customers order is not shipped on time is 0.05. A particular customer places three orders, and the orders are placed far enough apart in time that they can be considered to be...
-
Let E1, E2, and E3 denote the samples that conform to a percentage of solids specification, a molecular weight specification, and a color specification, respectively. A total of 240 samples are...
-
Transactions to a computer database are either new items or changes to previous items. The addition of an item can be completed less than 100 milliseconds 90% of the time, but only 20% of changes to...
-
Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 369,000 shares, 327,000 shares, and 240,000 shares,...
-
Botanists have determined that some species of weed grow in a circular pattern. For one such species, the area A , in square meters, can be approximated by A ( t ) = 0.004 t 2 , where t is the time...
-
Book Print ciences Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of...
Data Driven Modeling For Diabetes Diagnosis And Treatment 1st Edition - ISBN: 3642544630 - Free Book
Study smarter with the SolutionInn App