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

Question

1 Approved Answer

Foxhound Capital, LLC has the following being reported on the financial statements on December 31, 2014: Sales $120,000; Total Expenses $98.000; Net Income $22,000; Interest

image text in transcribed
Foxhound Capital, LLC has the following being reported on the financial statements on December 31, 2014: Sales $120,000; Total Expenses $98.000; Net Income $22,000; Interest Expense $2,174; Income Tax $4,000. Calculate the time interest earned ratio (round to the nearest whole number). Multiple Choice 10 times 8 times 13 times 16 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

Auditing Principles And Techniques

Auditing Principles And Techniques

Authors: Prof. A.R. Solanki

1st Edition

9350533979, 9789350533970

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is an employer required to do in order to obtain the maximum credit of 5.4 percent against the FUTA tax?

Answered: 1 week ago

Question

★★★★★
Elaborate on the kinds of alternatives and range of solutions to solving the problem. Glades County is a region on the Gulf Coast with a population of 600,000. About 90 percent of the population is...

Answered: 1 week ago

Question

★★★★★
Males typically score higher than females on many kinds of memory tests. True or False

Answered: 1 week ago

Question

★★★★★
The White Corporation makes small Bozo replicas for sale in the growing Austin market. The firms capital structure consists of 60 percent common equity, 10 percent preferred stock, and 30 percent...

Answered: 1 week ago

Question

★★★★★
Group Ltd. is expected to pay a dividend of R1.00 in the upcoming year. Dividends are expected to grow at the rate of 6% per year. The risk-free rate of return is 5% and the expected return on the...

Answered: 1 week ago

Question

★★★★★
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Sunny Day uses direct labor-hours...

Answered: 1 week ago

Question

★★★★★
JigSaw Puzzle Company produces puzzles in small batches. The company uses operation costing and manufactures their puzzles in four operations. In the Cutting operation, the puzzle pieces are cut to...

Answered: 1 week ago

Question

★★★★★
11 volume and surface area en: Problem 5 Previous Problem Problem List Next Problem (1 point) Consider the following set. =x}. D= {(x, y, z) | the solid shape which is enclosed by the paraboloid z =...

Answered: 1 week ago

Question

★★★★★
When would each approach be appropriate. Let nature take its course . Allowing those who will be affected by change to recognize and to adjust to the implications in their own time. Attraction...

Answered: 1 week ago

Question

★★★★★
Could you pls answer the following as a DQ Many security vendors and researchers now post regular online podcasts about security. Locate and listen to at least three different podcasts concerning the...

Answered: 1 week ago

Question

★★★★★
A manufacturer designs a cylindrical can with no top. The surface area of the can is 479 cm. The can has base radius r centimetres. a) Write a polynomial function to model the capacity, C cubic...

Answered: 1 week ago

Question

★★★★★
What will you do or say to Anthony about this issue?

Answered: 1 week ago

Question

★★★★★
A Many celebrities (including Ricky Martin, Selena Gomez, Laurence Fishburne, and Edward Norton) work with the United Nations as goodwill ambassadors for a variety of specific causes. Why do you...

Answered: 1 week ago

Question

★★★★★
C Do many Americans dismiss the plight of refugees as something that is not a problem? Does putting a human face on displaced people make them seem more real?

Answered: 1 week ago

Previous Question Next Question