Sales are $3.70 million, cost of goods sold is $550,000, depreciation expense is $140,000, other operating...
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Sales are $3.70 million, cost of goods sold is $550,000, depreciation expense is $140,000, other operating expenses is $290,000. addition to retained earnings is $1,766,625, dividends per share are $1, tax rate is 21 percent, and number of shares of common stock outstanding is 80,000. LaTonya's Flop Shops has no preferred stock outstanding. Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops, Inc. (Round your answer to 2 decimal places.) Interest earned times Sales are $3.70 million, cost of goods sold is $550,000, depreciation expense is $140,000, other operating expenses is $290,000. addition to retained earnings is $1,766,625, dividends per share are $1, tax rate is 21 percent, and number of shares of common stock outstanding is 80,000. LaTonya's Flop Shops has no preferred stock outstanding. Use the above information to calculate the times interest earned ratio for LaTonya's Flop Shops, Inc. (Round your answer to 2 decimal places.) Interest earned times
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EBIT Sales cost of goods sold depreciation expense other operating expense ... View the full answer
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date:
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