21 Neeley Office Supplies income statement is given below a What is the times interest earned ratio b What would be the fixed charge coverage ratio NEELEY OFFICE SUPPLIES Sales Cost of goods sold $200,000 115,000 Gross profit Fixed charges (other than interest) 85,000 25,000 Income before interest ...

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21. Neeley Office Supplies income statement is given below. a. What is the times interest earned ratio?

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21. Neeley Office Supplies income statement is given below.

a. What is the times interest earned ratio?

b. What would be the fixed charge coverage ratio?

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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Question Posted: Oct 21, 2024 10:00 AM

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21. Neeley Office Supplies income statement is given below. a. What is the times interest earned ratio?

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NEELEY OFFICE SUPPLIES Sales..... Cost of goods sold $200,000 115,000 Gross profit..... Fixed charges (other than interest) 85,000 25,000 Income before interest and taxes 60,000 Interest 15,000 Income before taxes 45,000 Taxes.... Income after taxes.. 15,300 $ 29,700

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Foundations Of Financial Management

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