H&H Bagels has provided you with the following information. Net income for the most recent year is
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Question:
H&H Bagels has provided you with the following information.
Net income for the most recent year is $15,185
The firm's tax rate is 34%
The total interest expense is $3,406
Calculated depreciation for the year is $2,485
General expenses $4,534
Cost of goods sold 26% of sales
Total Debt $62,000
D/E ratio = 0.65
Calculate the firm's:
Total sales
Cash coverage ratio
Return on Assets
Cash flow from operations for the year
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: