For the most recent year, Back Alley Boys, Inc., had sales of ($250,000,) cost of goods sold
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For the most recent year, Back Alley Boys, Inc., had sales of \($250,000,\) cost of goods sold of \($80,000,\) depreciation expense of \($27,000,\) and additions to retained earnings of \($33,360.\) The firm currently has 20,000 shares of common stock outstanding, and the previous year’s dividends per share were \($1.50.\) Assuming a 34% income tax rate, what was the times interest earned ratio?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072313000
5th Edition
Authors: Stephen A Ross, Randolph W Westerfield
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