FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is financial statement information for Rogex Corporation: net sales $2,768; cost of goods sold =$1,210; depreciation - $360; interest expense =$160; taxes =$312; addition

image text in transcribed
Following is financial statement information for Rogex Corporation: net sales $2,768; cost of goods sold =$1,210; depreciation - $360; interest expense =$160; taxes =$312; addition to retained eamings $508; and dividends paid =$218. The interest coverage ratio for Rogex is: a. 6.5 times b.9.7 times c. 1.5 times d. 4.5 times

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Building Financial Models

Building Financial Models

Authors: John Tjia

2nd Edition

0071608893, 978-0071608893

More Books

Students also viewed these Finance questions

Question

★★★★★
Fill in the blanks for each of the following independent cases (ignore income taxes): Sal Variable Expenses Contribution Margin Fixed Expenses Net Income . $960,000 2. 550,000 $533,000 $310,000...

Answered: 1 week ago

Question

★★★★★
5.78 Football Coin Tosses During the 1992 football season, the Los Angeles Rams (now the St. Louis Rams) had a bizarre streak of coin-toss losses. In fact, they lost the call 11 weeks in a row. 12 a....

Answered: 1 week ago

Question

★★★★★
Each of the flowchart segments in Figure 3-24 is unstructured. Redraw each segment so that it does the same processes under the same conditions, but is structured. a. D Yes NO Yes B? E? No F H C. Yes...

Answered: 1 week ago

Question

★★★★★
Following is financial statement information for Rogex Corporation: net sales $2,768; cost of goods sold =$1,210; depreciation - $360; interest expense =$160; taxes =$312; addition to retained...

Answered: 1 week ago

Question

★★★★★
C. Prepare 2 T-Accounts, one for TA/R (using the gross amount) and one for the Allowance for Doubtful Accounts. Use the information given below to complete these 2 T-Accounts. i) In 2007, if...

Answered: 1 week ago

Question

★★★★★
How does the respiratory process take place in animals and birds and on what does their life depend? Explain by giving examples.

Answered: 1 week ago

Question

★★★★★
"The cash accounts of Ria on December 31,2021 has balance of P151,000 and it consist of the following: Bills and coins on hand P52,780 Traveler's check 22,400 Credit memo from supplier's for purchase...

Answered: 1 week ago

Question

★★★★★
You have just purchased equipment that cost $250,000. You expect the salvage value in 8 years to be $25,000. A. What is the depreciation charge after 3 years using: 1. 11. III. The DDB (double...

Answered: 1 week ago

Question

★★★★★
help me to answer them A food delivery service aimed at college students is considering a new sales promotion. Which sales promotion would likely have the most usage? a. Newspaper ad b. Digital...

Answered: 1 week ago

Question

★★★★★
Fessenden Corporation has accumulated a significant amount of debt as a result of debt-financed acquisitions of other companies. It is currently considering acquiring one of its competitors, Sonar...

Answered: 1 week ago

Question

★★★★★
Prepare to discuss in class either the pro or the con viewpoint for one of the two following statements. Support your position with examples of situations that have happened or could happen....

Answered: 1 week ago

Question

★★★★★
What are resonators and articulators, and how do they work together to create a strong, rich voice quality? (Objective 1)

Answered: 1 week ago

Question

★★★★★
Teamwork. Global. Form groups of four students. Have each group get five to seven pictures (from magazines or pictures they take) of people (from different cultures if possible) illustrating...

Answered: 1 week ago

Previous Question Next Question