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A company's net income after tax was $600,000 for its most recent year. The company's income statement included Income Tax expense of $210,000 and Interest
A company's net income after tax was $600,000 for its most recent year. The company's income statement included Income Tax expense of $210,000 and Interest expense of $120,000. At the beginning of the year the company's stockholders' equity was $1,900,000 and at the end of year it was $2,170,000. What is the times interest earned ratio for the company? C. 7.75 a. 6.75 d. 10 b. 10.5 0 The Company "Yasmina" has the following information as at 31st of December: Cash $ 20,000 30,000 Accounts receivables Inventory 100,000 Prepaid Insurance 6,000 Long Term Assets 220,000 Accounts payable 60,000 Notes Payable due in 10 months 25,000 Wages payable 5,000 Long term Liabilities 70,000 Stockholders (Owner's ) Equity 216,000 The company's working capital is: a. 60 000 usd b. 66 000 usd d. 56 000 usd 0 C. 50 000 usd For its most recent year a company had sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year its Accounts receivables were $ 80,000 and its Inventory was $100,000. At the end of the year its Accounts receivables were $ 86,000 and its inventory was $110,000. On average how many days of sales were in Accounts Receivables during the year? 0 0 0 0 55 days 73 days The company XYZ has the following data: Trade payables payment period Trade receivables collection period Finished goods inventory turnover period Raw material inventory turnover period Work in progress inventory turnover period What is the length of the working capital cycle? 43 days 50 days 32 days d. 67 days a. 103 days b. 143 days c.79 days
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