Question
Company A had assets of $1.2 million, stockholders equity of $0.75 million, net income of $350,000, interest expense of $120,300, and a tax rate of
Company A had assets of $1.2 million, stockholders equity of $0.75 million, net income of $350,000, interest expense of $120,300, and a tax rate of 35%. Calculate the debt to assets ratio and the times interest earned ratio.
I have the debt to asset ratio of .375.
I can back out the Income-tax from looking at the answer key. but what is the easiest way to calculate it using this information?
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Public Sector Audit
Authors: Carolyn J. Cordery, David C. Hay
1st Edition
0367650622, 9780367650629
