15 Dec 1 Zoom sales last year were $435 000 its operating costs including Depreciation were $362 500, and its interest charges were $12 500 What was the firm's times interest earned (TIE) ratio a) 472 b) 5 80 c) 523 d) 5 51 e) None of the above 2 You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $3,600 per year, beginning immediately You will make 4 deposits in an account that pays 5 7 interest How much will you have 4 years from today a) $15,112 b) $16,112 Oc) $17,112 d) $21,250 e) None of the above

Question

15  Dec 1  Zoom sales last year were $435 000  its operating costs including Depreciation were $362 500, and its interest charges were $12 500  What was the firm's times interest earned (TIE) ratio  a) 472 b) 5 80 c) 523 d) 5 51 e) None of the above 2  You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $3,600 per year, beginning immediately  You will make 4 deposits in an account that pays 5 7  interest  How much will you have 4 years from today  a) $15,112 b) $16,112 Oc) $17,112 d) $21,250 e) None of the above

Accepted Answer

The Answer is in the image, click to view ...

Question

15. Dec 1. Zoom sales last year were $435.000. its operating costs including Depreciation were $362.500, and its interest charges were $12.500. What was the

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Advanced Accounting

Students also viewed these Finance questions

Question

Question

Question

Question

Question

Question

Question

Question

Question