For the most recent year, Seether, Inc., had sales of $465,000, cost of goods sold of...

 

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For the most recent year, Seether, Inc., had sales of $465,000, cost of goods sold of $208,730, depreciation expense of $60,400, and additions to retained earnings of $72,800. The firm currently has 20,000 shares of common stock outstanding, and the previous year's dividends per share were $1.35. The tax rate was 34 percent. Required: What was the times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places(e.g., 32.16).) Times interest earned times For the most recent year, Seether, Inc., had sales of $465,000, cost of goods sold of $208,730, depreciation expense of $60,400, and additions to retained earnings of $72,800. The firm currently has 20,000 shares of common stock outstanding, and the previous year's dividends per share were $1.35. The tax rate was 34 percent. Required: What was the times interest earned ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places(e.g., 32.16).) Times interest earned times

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Dividend per share 135 number of shares outstanding 20000 Dividend ... View the full answer