For 2025, Kim Ltd. reported net income of 300,000. Interest expense was 40,000 and income taxes were

Question:

For 2025, Kim Ltd. reported net income of ₩300,000. Interest expense was ₩40,000 and income taxes were ₩100,000. The times interest earned was:

a. 3 times.

b. 4.4 times.

c. 7.5 times.

d. 11 times.

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Question Posted: Apr 04, 2024 11:00 PM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
This assignment requires you to complete the 2022 tax reporting for a fictional woman named Anna Smith. Question 1 T1 - step 4 - line 66 This is Anna's taxable income Answer: Question 2 T1 - step...
Carol Harris, Ph.D, CPA, is a single taxpayer and she lives at 674 Yankee Street, Durham, NC 27409. Her Social Security number is 793-52-4335. Carol is an Associate Professor of Accounting at a local...
. The following is given: EBIT = $50 000, Q=60 000, P =$6, V = $4. a) If sales should increase by 10%, by what percent would EBIT increase? b) If sales should increase by 10%, for what interest...
The partnership of Lou and Bud is considering three long-term capital investment proposals. Relevant data on each project are as follows: The salvage value is expected to be zero at the end of each...
Response rates to Web surveys are typically low, partially due to users starting but not finishing the survey. The factors that influence response rates were investigated in Survey Methodology (Dec....
Hitting a door with your bare fist hurts more than hitting a sofa cushion. In work terms, explain why this is so. $\cdot$
The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue $55,600 and Wages Expense $5,000. Adjusting entries are required for (a)...
1. What is a data structure? 2. Why do we need data structures? 3. List some common data structures. 4. How data structures are classified? 5. Differentiate linear and non-linear data structure.
Which of the following statements is not true. a. Capitalized leases should be reported on the statement of financial position. b. All leases must be capitalized. c. The lessor is the owner of the...
Four-Nine Shops issued bonds that pay interest every January 1. The entry to accrue bond interest at December 31 includes a: a. debit to Interest Payable. b. credit to Cash. c. credit to Interest...
Change the numbers in Problems 1730 to base ten. 25TE twelve
Define subject matter, personal (in personam), and in rem jurisdiction in the divorce context and indicate how each is acquired by a court.
South Africa is one of the top gold producers in the world, holding about 6000 metric tons of reserves in mines as of 2015. Most mining operations have waste and by-products, some of which are...
Describe the nature and purpose of a long-arm statute.
Identify the primary ways of serving process.
The Airbus A380 was the worlds first doubledecker aircraft. It can accommodate from 555 to 853 passengers depending on the class configuration. Long haul airlines such as Singapore Airlines were...
Atmospheric air at 20°C enters and fills an insulated tank which is initially evacuated. Using a control-volume analysis from Eq. (3.63), compute the tank air temperature when it is full. T? 20 C...
In order to get an idea on current buying trends, a real estate agent collects data on 10 recent house sales in the area. Specifically, she notes the number of bedrooms in each house as follows: a....
ATOZ company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of May are: WIP beg (60%...
What are the types of thread Form and give one application for each type? 5. Explain in details four types of Bolts and Screws and where they can be used?
A certain type of thread is manufactured with a mean tensile strength of 78.3kg and standard deviation of 5.6kg. Assuming that the strength of this type of thread is distributed approximately normal,...

For 2025, Kim Ltd. reported net income of 300,000. Interest expense was 40,000 and income taxes were

Question:

Step by Step Answer:

To calculate the times interest earned ratio you divide ...View the full answer

Financial Accounting With International Financial Reporting Standards

Students also viewed these Business questions