Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

A firm has EBIT of $400,000 and depreciation expense of $20,000. Fixed charges total $50,00. Interest expense totals $7,00. What is the firm's fixed-charge coverage

A firm has EBIT of $400,000 and depreciation expense of $20,000. Fixed charges total $50,00. Interest expense totals $7,00. What is the firm's fixed-charge coverage ratio?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: J. Chris Leach, Ronald W. Melicher

2nd Edition

0324289235, 9780324289237

More Books

Students also viewed these Finance questions

Question

★★★★★

Why is a slow neutron more likely to induce a nuclear reaction (as in neutron activation and induced fission) than a proton with the same kinetic energy?

Answered: 1 week ago

Question

★★★★★

13. Engineering: Light Bulbs Two processes for manufacturing 60-watt light bulbs are under study. In both cases, the life (in hours) of the bulb before it burns out is being examined. A random sample...

Answered: 1 week ago

Question

★★★★★

What are the assumptions required of a multiple regression model?

Answered: 1 week ago

Question

★★★★★

The partially completed inventory record for the record subassembly in Figure shows gross requirements, scheduled receipts, lead time, and current on-hand inventory. a. Complete the last three rows...

Answered: 1 week ago

Question

★★★★★

during a close attention should be focused on?? a. the single benefit yhat generates the most excitment b. the ceremonial and visual aspects of sales presentations c. the information gathered at the...

Answered: 1 week ago

Question

★★★★★

1-Kristen prefaces her speech by talking about her inability to save or invest money. For that reason, she does her speech on an online money management course and focuses on the skills she learned...

Answered: 1 week ago

Question

★★★★★

Rebecca Gomez purchased her townhouse for $270,000 (ignore land). After living in the townhouse for ten years, she converted it to rental property. At the date of conversion, the fair market value of...

Answered: 1 week ago

Question

★★★★★

Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as 50,000 machine hours per year, which...

Answered: 1 week ago

Question

★★★★★

You are designing a wireless multihop network that can tolerate 5% packet loss, meaning that 95% of the packets must be delivered to the destination. i) Would you recommend using TCP or UDP at the...

Answered: 1 week ago

Question

★★★★★

On August 31, 2018, a fire destroyed totally the rented "bodega" or stockroom of the Company. The following are some of the data of the company: Merchandise inventory, December 31, 2017 P110,000 For...

Answered: 1 week ago

Question

★★★★★

If an instance of ANE happens for a client, direct service providers should do the following: Record TV shows that were going to be watched for later viewing Report knowledge or suspicion of ANE to...

Answered: 1 week ago

Question

★★★★★

Learning Source, Inc. has two divisions: Test Preparation and Language Arts. Results (in millions) for the past three years are partially displayed here: (Click the icon to view the results.)...

Answered: 1 week ago

Question

★★★★★

Is the legal system transparent and independent? Is it fair and objective? Does it protect intellectual property, foreign investments, etc.?

Answered: 1 week ago

Question

★★★★★

2. Describe a situation from your own everyday life where it is clear that the situation in its consequence becomes the way you define it.

Answered: 1 week ago

Question

★★★★★

5. What do we mean when we say that social facts are mental constructions? Explain this with an example from your own everyday life.

Answered: 1 week ago

Question

★★★★★

4. What is meant by the following statement, What we take for granted in a social situation may actually prove to be mechanisms that govern how we evaluate and act in the situation?

Answered: 1 week ago

Previous Question Next Question