Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 27, 2024

Hogan Corp's sales last year were $400,000 ,its operating costs were $100,000. If Hogan's interest charges were $70,000, what was the company's times interest earned

Hogan Corp's sales last year were $400,000 ,its operating costs were $100,000. If Hogan's interest charges were $70,000, what was the company's times interest earned (TIE) 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

Fundamentals Of Investments Valuation And Management

Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin

6th Edition

0073530719, 9780073530710

More Books

Students also viewed these Finance questions

Question

★★★★★

Located in Bartow, Alabama, the Pharmaceutical Division of Ameripill Company ranks among the top 15 drug companies in the world. The European Unit of the Pharmaceutical Division is divided into three...

Answered: 1 week ago

Question

★★★★★

The term degeneracy means the number of different quantum states of an atom or molecule having the same energy. For example, the degeneracy of the n = 2 level of the hydrogen atom is 4 (a 2s quantum...

Answered: 1 week ago

Question

★★★★★

=+44. E-commerce. Quarterly e-commerce retail sales (in millions of dollars) in the United States are provided. (Source: U.S. Census Bureau; www.census.gov.) Use this time series to answer the...

Answered: 1 week ago

Question

★★★★★

Does the reaction p + 7/3Li 4/2He + required energy, or does it release energy? How much energy?

Answered: 1 week ago

Question

★★★★★

Central Redi-Mix Concrete, Inc. applies manufacturing overhead based on number of yards of concrete produced. At the beginning of 2014 management estimated the plant would produce 100,000 yards of...

Answered: 1 week ago

Question

★★★★★

9. Using these points, (-3, 6), (-3, -5), d= A. -11 B. 11 C. -1 C D

Answered: 1 week ago

Question

★★★★★

What should Disney do to mitigate the losses stemming from the two scandals and to minimize the likelihood of such reputation-threatening incidents recurring in the future?

Answered: 1 week ago

Question

★★★★★

Calculate the productivity for the following operations: a.Three employees process 600 insurance policies in a week. They work 8 hours per day, 5 days per week.

Answered: 1 week ago

Question

★★★★★

Is there any lesson of significance that you have learned from the Goal? If so, explain the relevance of this operational phenomenon to service-based and manufacturing organizations.

Answered: 1 week ago

Question

★★★★★

The OM supervisor informs you, the researcher, that the data has a large standard deviation. What data pattern would you expect to observe once you generated a time series trend?

Answered: 1 week ago

Question

★★★★★

Kari, a member of the Wave Earbuds research team, will be presenting findings about the prototype for the new wireless earbuds during an upcoming meeting. Since this meeting will have representatives...

Answered: 1 week ago

Question

★★★★★

What steps will you take to maximise the confidentiality of the data you gather and the anonymity of your subjects?

Answered: 1 week ago

Question

★★★★★

Discourse analysis involves examining: a The ways in which communication is undertaken to produce desired effects. b Forms of communication both written and visual. c The way discourses frame peoples...

Answered: 1 week ago

Question

★★★★★

How aware are you of your own personal bias? How might this affect what you expect your data to show? What steps can you take to limit the influence of your personal perspective on the data that are...

Answered: 1 week ago

Previous Question Next Question