Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 30, 2024

In a recent year, Bramble Corp. had net income of $134000, interest expense of $22300, and income tax expense of $32300. What was Bramble Corp.s

In a recent year, Bramble Corp. had net income of $134000, interest expense of $22300, and income tax expense of $32300. What was Bramble Corp.s times interest earned for the year?

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

The Routledge Companion To Fair Value In Accounting

Authors: Gilad Livne

1st Edition

0367656132, 9780367656133

More Books

Students also viewed these Accounting questions

Question

★★★★★

Why are financial ratios important?

Answered: 1 week ago

Question

★★★★★

For 2018, Ms. Deming earned wages totaling $225,000. Calculate any .9 percent additional Medicare tax owed, assuming that: a. Ms. Deming is single. b. Ms. Deming files a joint return with her husband...

Answered: 1 week ago

Question

★★★★★

What would you sing at Karaoke night?

Answered: 1 week ago

Question

★★★★★

At the end of the first year of operations, 11,250 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials ................ $ 78...

Answered: 1 week ago

Question

★★★★★

Saxbury Corporation's relevant range of activity is 3,000 unts to 7000 units. When it produces and sells 4,300 units, les average costs per unit are as follows: Direct materials Direct labor Variable...

Answered: 1 week ago

Question

★★★★★

Taco Shell Inc. is a restaurant with operating lease commitments of $30 million a year for the next 8 years. It has a cost of capital of 8%, a cost of equity of 10%, a pre-tax cost of debt of 4% and...

Answered: 1 week ago

Question

★★★★★

Bill, a local insurance producer, regularly prospects for affluent retirees to whom he can sell long - term care insurance. He invites them to a "free lunch" seminar described in his invitation as an...

Answered: 1 week ago

Question

★★★★★

In a total of 230 records sample size of shelf price vs price at register , only 3 records have higher price at register, Based on the data in this study, what is the estimate of proportion of items...

Answered: 1 week ago

Question

★★★★★

In the post-acquisition phase, integration is crucial. What is the most optimal way to integrate acquired firms? Oa. Take the "low road" to integration in which the acquirer acts quickly and...

Answered: 1 week ago

Question

★★★★★

7. A volcano in Hawaii is erupting and is spewing rocks and debris at a speed of 880 ft/sec at an angle of 60 degrees from the horizontal forma height of 4091 feet. Will a rock thrown from the...

Answered: 1 week ago

Question

★★★★★

Fall 2022 J. Rico 1. An observer spots a hot air balloon descending vertically to a spot directly on the ground At first sight, the angle of elevation to the balloon from where the observer stands is...

Answered: 1 week ago

Previous Question Next Question