The Jordan Company shows a net profit of $75,500. The average time of debt collection is 14.2
Question:
The Jordan Company shows a net profit of $75,500. The average time of debt collection is 14.2 days. The total assets amount to $560,000 and those accounts receivable, at $86,600. The debt-equity ratio is 0.65. What is the ratio company's profit margin?
What is the turnover coefficient (of the total) of the asset?
What is the return on equity?
Question:
Net income of Rexit Autos Inc. for the most recent year available was $6,250. The tax rate reached 34%. The company paid $2,235 in interest and deducted $1,450 in amortization for the year.
What was the ratio interest coverage before amortization of the company for that year?
Question:
Here is some information about the last fiscal year of a company. Revenue is $250,000, cost of goods sold $80,000, depreciation for the year of $27,000 and additions to retained earnings of $33,360. Currently 20,000 common shares of this company are outstanding and, the previous year, each earned $1.50 in dividends. Assuming that the rate tax is 34%.
Determine the interest coverage ratio for the last exercise.
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen