Graser Trucking has $12 billion in assets, and its tax rate is 40%. Its basic earning power
Question:
Graser Trucking has $12 billion in assets, and its tax rate is 40%. Its basic earning power (BEP) ratio is 15%, and its return on assets (ROA) is 5%. What is its times-interest-earned (TIE) ratio?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
TA 12000000000 T 40 EBITTA 15 ROA 5 TIE Now ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted:
Students also viewed these Finance questions
-
What type of times interest earned ratio would be desirable? What type would not be desirable?
-
What are the times interest earned ratio?
-
what is the Times Interest Earned ratio?
-
Elevator Controller The block diagram for an elevator controller for a two-floorelevator follows. The inputs FB1 and FB2 are 1 when someone in the elevatorpresses the first and secondfloor buttons,...
-
Prepare and report a research paper on The Changing Roles of Business Management.
-
1. G. Johnson and colleagues have analyzed the MAP kinase cascade in which MEKK2 participates in mammalian cells. By a yeast two-hybrid screen (see Chapter 7), MEKK2 was found to bind MEK5, which can...
-
What factors may cause an auditor to discontinue the review after the preliminary phase?
-
Linear Company engaged in the following transactions: July 2 Purchased merchandise on credit from Green Company, terms 2/10, n/30, FOB destination, invoice dated July 1, $2,000. 6 Returned some...
-
Diaz Company owns a machine that cost $125,800 and has accumulated depreciation of $91,700. Prepare the entry to record the disposal of the machine on January 1 in each separate situation. 1. The...
-
Glenn Foreman, president of Oceanview Development Corporation, is considering submitting a bid to purchase property that will be sold by sealed bid at a county tax foreclosure. Glenns initial...
-
Assume the following relationships for the Brauer Corp.: Sales/total assets 1.5 Return on assets (ROA) 3% Return on equity (ROE) 5% Calculate Brauers profit margin and debt ratio.
-
The H.R. Pickett Corp. has $500,000 of debt outstanding, and it pays an annual interest rate of 10%. Its annual sales are $2 million, its average tax rate is 30%, and its net profit margin is 5%....
-
Forecasted dividends affect forecasted shareholders equity but do not affect the value calculated from forecasted financial statements. Why?
-
1. What are 3 trends or issues that are challenging in the sports industry and for sports administrators and what are some solutions? 2. What are essential skills and abilities that need more...
-
answer the following questions: 1. What are some pros and cons of using resume screening tools? 2. What impact are they having on management? 3. How might the drawbacks associated with resume...
-
Swissgrid: Enterprise Risk Management in a Digital Age Questions 1. What risks does the company face? 2. What risk management processes are effective? 3. What could CRO Meyer do better to improve ERM...
-
research a company that utilizes supply chain method(s). Please indicate in a Word document: . What products they are manufacturing or distributing? . What are the method(s) of transportation the...
-
describe the incident of Texas infrastructure collapse during the freeze, and then discuss the professional response to it. a. Critically analyze what went right and what went wrong with the...
-
Efendi Company hired an accounting intern, Pat Morgan, to prepare its income statement, statement of retained earnings, and balance sheet. Pat indicated a reluctance to undertake this task due to a...
-
Why is a help desk and production support critical to system implementations? Discuss its interrelationship with the problem management and reporting system.
-
Use a substitution method to find all possible real roots of the following functions. a. f(x) = x + e* - 30 b. g(z) = cos (5z) 4 - c. h(y) = e6y + e4y - ey - 1 d. n(q) = sin(29) m(p) = ln (ep+ 2e)...
-
Stock A has an expected return of 7%, a standard deviation of expected returns of 35%, a correlation coefficient with the market of 0.3, and a beta coefficient of !0.5. Stock B has an expected...
-
A stock had a 12% return last year, a year when the overall stock market declined. Does this mean that the stock has a negative beta and thus very little risk if held in a portfolio? Explain.
-
If investors aversion to risk increased, would the risk premium on a high-beta stock increase by more or less than that on a low-beta stock? Explain. Discuss.
-
The Kuwait Finance House (KFH) had the following transactions during the month of July 2015: 1) A customer deposited KD 2,000 cash and KD 5,000 check drawn on another bank to his saving account. 2)...
-
1-ABC Company had packaging costs of $170000 when 12500 packages were shipped. Packaging costs were $190000 when 19500 packages were shipped.Compute the total shipping cost when 15000 units are...
-
On January 1, 2022, Maxim Corp. invested $550,500 in Darcy Inc. for 25% of its outstanding shares. Maxim also has representation on the Board of Directors. Darcy shares are not traded in an active...
Study smarter with the SolutionInn App