A firm has net income before interest and taxes of $193,000 and interest expense of $28,100. a.
Question:
A firm has net income before interest and taxes of $193,000 and interest expense of $28,100.
a. What is the times-interest-earned ratio?
b. If the firm’s lease payments are $48,500, what is the fixed charge coverage?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a b Times interes...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Question Posted:
Students also viewed these Accounting questions
-
what is the Times Interest Earned ratio?
-
What information does the times interest earned ratio provide?
-
A project has earnings before interest and taxes of $5,750, fixed costs of $50,000, a selling price of $13 a unit, and a sales quantity of 11,500 units. Depreciation is $7,500. What is the variable...
-
Explain what you would assume the yield curve would look like during economic expansion and why.
-
Define f on [0, ) and g on R by f(x) = x and g(x) = 1/x if x 0 and g(0) = 0. a) Find f(E) and g(E) for E = (0, 1), E = [0, 1), and E = [0, 1]. Compare your answers with what Theorems 9.26, 9.29, and...
-
What is Configuration Status Accounting (CSA)? Give examples.
-
Which environmental management concept encourages managers to favour the combined development of internal ecological accounting and management accounting. Explain.
-
Your roommate, Matt Mikan, contends that accounting contributes to most of the steps in managements decision- making process. Is your roommate correct? Explain.
-
If Bailee sells five bonds at 1 0 4 . 5 0 , what amount will he receive? ( Disregard commissions. ) If the bonds pay 1 3 % annually, what is the current yield to the nearest tenth percent?
-
The directors of Mylo Ltd. are currently considering two mutually exclusive investment projects. Both projects are concerned with the purchase of a new plant. The following data are available for...
-
Using the income statement for Times Mirror and Glass Co., compute the following ratios: a . The interest coverage. b . The fixed charge coverage. The total assets for this company equal $80,000. Set...
-
In January 2004, the Status Quo Company was formed. Total assets were $544,000, of which $306,000 consisted of depreciable fixed assets. Status Quo uses straight-line depreciation of $30,600 per...
-
Westland Manufacturing spends $20,000 to update the lighting in its factory to more energy-efficient LED fixtures. This will save the company $4,000 per year in electricity costs. The company...
-
The GDPR is often lauded for its provisions that promote better privacy practices in the private sector. At the same time, the GDPR puts a greater onus on companies to be compliant. What are some of...
-
How does the unconventional narrative structure in works like "One Hundred Years of Solitude" or "Cloud Atlas" affect the reader's comprehension and engagement with the text ?
-
How does Dostoevsky employ existential themes in his magnum opus "The Brothers Karamazov," and what insights does it offer into the human condition ?
-
what ways does postmodern literature challenge or subvert traditional metanarratives, and how does this reflect broader cultural shifts ?
-
Francis Manufacturing Company manufactures two products, base guitars and electric keyboards. The company's overhead costs consist of setting up machines, $2,400,000; machining, $5,400,000; and...
-
Should Uniqlo stay vertically integrated? Or should it rely more heavily on outsourcing to improve flexibility and achieve economies of scale?
-
Problem 2. (0.6 points, 0.2 points for each question) (a) A company turns its inventory 2 times a month. Its months-of-supply = Its days-of-supply = Please show your analysis below: _months. days. (1...
-
To what extent do various religious traditions or age groups qualify as different cultures?
-
Tyson Iron Works is about to go public. It currently has aftertax earnings of $4,400,000, and 4,200,000 shares are owned by the present stockholders. The new public issue will represent 500,000 new...
-
I. B. Michaels has a chance to participate in a new public offering by Hi-Tech Micro Computers. His broker informs him that demand for the 700,000 shares to be issued is very strong. His brokers firm...
-
The management of Mitchell Labs decided to go private in 2002 by buying all 2.80 million of its outstanding shares at $24.80 per share. By 2006, management had restructured the company by selling off...
-
IT Solutions Ltd . has a cash - settled SARs program for employees. These employees will receive a cash payment after five years of service, calculated as the excess of share price over $ 8 . 7 5 ....
-
k Two grams of musk oil are required for each bottle of Mink Caress, a popular perfume made by a company in western Siberia. The cost of the musk oil is $1.60 per gram. Budgeted quarterly production...
-
1.Explainthebasicdifferencesbetweentheoperationofacurrencyforwardmarketandafuturesmarket. 2.Assume today's settlement price on a CME, EUR futures contract is $1.3140/EUR. You haveashortposition...
The Power Of Networking Making High Level Connections 1st Edition - ISBN: 979-8399969756 - Free Book
Study smarter with the SolutionInn App