Question
9. WWW Corporation has following listed in the income statement: Sales: $689,000; COGS (cost of goods sold): $492,300 and depreciation: $61,200. WWW Corp. paid dividends
9. WWW Corporation has following listed in the income statement: Sales: $689,000; COGS (cost of goods sold): $492,300 and depreciation: $61,200. WWW Corp. paid dividends per share (DPS) of $2.18 and the firm has 12,000 shares outstanding. Retained earnings added to owner's equity is $48,560. The firm has a corporate tax rate of 35%. Calculate the "Times Interest Earned (TIE) ratio.
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
