The following data were taken from recent annual reports of TELUS Corporation, a leading national telecommunications company
Question:
The following data were taken from recent annual reports of TELUS Corporation, a leading national telecommunications company in Canada.
a. Determine the times interest earned ratio for the current and preceding years. Round to one decimal place.
b. Is the times interest earned improving or declining?
Transcribed Image Text:
Preceding Year (in millions of dollars) Current Year of dollars) (in millions Interest expense Income before income taxes $ 515 1.366 $ 582 1.205
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
a Current year Number of times interest charges earned 3...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
Question Posted:
Students also viewed these Cost Accounting questions
-
The following data were taken from recent annual reports of Trump Hotels and Casino Resorts, Inc., which owns and operates casino-based entertainment resorts in Atlantic City, New Jersey. a....
-
The following data were taken from recent annual reports of Apple Computer, Inc., a manufacturer of personal computers and related products, and American Greetings Corporation, a manufacturer and...
-
The following data were taken from recent annual reports of Southwest Airlines, which operates a low-fare airline service to over 50 cities in the United States. (a) Determine the number of times...
-
Write a program for setting three bits of an unsigned char to 1. The function set 3bits should have four parameters: the unsigned char to be changed and the three bits which are to be set to 1. For...
-
For O2 with a bond length of 0.121nm, what is the moment of inertia about the center of mass?
-
Which compound in each of the following pairs of ionic substances has the most exothermic lattice energy? Jus-tify your answers. a. LiF, CsF b. NaBr, NaI c. BaCl2, BaO d. Na2SO4, CaSO4 e. KF, K2O f....
-
Job-cost records for Naomis Remodelling Ltd. contained the following data: Compute Naomis (1) work-in-process inventory at May 31, (2) finished-goods inventory at May 31, and (3) cost of goods sold...
-
Buckeye Department Stores, Inc., operates a chain of department stores in Ohio. The companys organization chart appears below. Operating data for 20x5 follow. The following fixed expenses are...
-
Having given segments a, b, and c, construct segment x = ab-c
-
For the base case in this section, as a percentage of sales, COGS = 70 percent, SGA = 14 percent, R&D = 2.8 percent. Depreciation, Interest expense are fixed as stated. Tax Rate is 21 percent. 1.a...
-
Using the bond from Exercise 14-13, show the reporting of the bond on the balance sheet at October 31, 2015. Round to the nearest dollar. In Exercise 14-13 On January 1, 2015, Crozier Company, a...
-
Based on the data in Exercise 14-2, discuss the factors other than earnings per share that should be considered in evaluating such financing plans.
-
Three Guys Burgers, Inc., has offered $15.3 million for all of the common stock in Two Guys Fries Corp. The current market capitalization of Two Guys as an independent company is $12.1 million....
-
Stock Valuation (LO1) Caccamise Company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 6.8 percent, what is the...
-
Davis plans to save money to take a two-week cruise on December 31, 2028, On January 1, 2025, Davis plans to invest money in an investment fund paying 6% interest to accumulate $13,000. How much...
-
During November, the following activity was recorded related to the production of Fludex: a. Materials purchased, 13,500 ounces at a cost of $266,625. b. There was no beginning inventory of...
-
You are studying a species of grasshopper, trying to understand what determines its geographic distribution. The grasshopper is an herbivore and reproduces multiple times each summer, producing many...
-
A solenoid with air inside has a magnetic field at its center of 120.0 gauss. Then the inside of the solenoid is filled with a paramagnetic material, which results in the magnetic field at the center...
-
Solve Problem 2.101 using the Soave EOS. Notice that this becomes a trial-and-error process. Data from Problem 2.101 Carbon dioxide at 60C is pumped at a very high pressure, 10 MPa, into an oil well...
-
Dr. Chan obtained a $15,000 demand loan at prime plus 1.5% on September 13 from the Bank of Montreal to purchase a new dental X-ray machine. Fixed payments of $700 will be deducted from the dentists...
-
Consider the national nonprofit organization the American Red Cross. Assume you are the regional director of the organization, and you just received the quarterly financial reports. Even though the...
-
Financial information for Lighthizer Trading Company for the fiscal year-ended September 30, 20xx, was collected. As part of a management training session, you have been asked to prepare an income...
-
The following information is from Good Read Books. Good Read is a regional book store with three regional stores. The May income statement for all stores is shown. A. Comment on the operating income...
-
Radko Inc. had the following transactions related to its common and preferred shares: Transactions January 15 Issued 230,000 no par common shares for $33 per share. Issued 1,700 $20 stated value...
-
Pronghorn Ltd. and Culver Ltd. incurred the following merchandise transactions in June. June 10 11 12 19 Pronghorn sold $5,400 of merchandise to Culver, terms n/30, FOB shipping point. The...
-
Hudson Partners provides management consulting services to government and corporate clients. Hudson has two support departments administrative services (AS) and information systems (IS)and two...
Study smarter with the SolutionInn App