The Berry Patch has sales of $ 4 3 8 , 0 0 0 , cost of

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Question:

The Berry Patch has sales of $

438, 000,

cost of goods sold of $

369, 000,

depreciation of $

33, 400,

and interest expense of $

11, 800 .

The tax rate is

31

percent. What is the times interest earned ratio?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 29, 2024 06:46 AM

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The Berry Patch has sales of $ 4 3 8 , 0 0 0 , cost of

Question:

Expert Answer:

To calculate the times interest earned ratio we need to find the earnings before interest and taxes ... View the full answer

Income Tax Fundamentals 2013

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