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Ruby Corp's sales last year were $435,500, its operating costs were $350,000, and its interest charges were $10,000. What was the company's earned interest (EIR)
Ruby Corp's sales last year were $435,500, its operating costs were $350,000, and its interest charges were $10,000.
What was the company's earned interest (EIR) ratio?
The price of Rand Corp stock at the end of last year was $40.00 and its book value per share was $24.50.
What was your Market/Book ratio?
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1 the formula for the Earned Interest Ratio EIR is EIR Earnings before interest ...
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Accounting Texts and Cases
Authors: Robert Anthony, David Hawkins, Kenneth Merchant
13th edition
1259097129, 978-0073379593, 007337959X, 978-1259097126
