Question
Sales $430,000 Depreciation $20,000 Retained Earnings $50,000 Shares Outstanding 10,000 Tax Rate 30% Dividend Paid $1.70 per share Cost of goods sold $100,000 SG&A $30,000
Sales $430,000 Depreciation $20,000
Retained Earnings $50,000
Shares Outstanding 10,000
Tax Rate 30% Dividend Paid $1.70 per share Cost of goods sold $100,000
SG&A $30,000
If interest is the only other expense for the company, what is the Times Interest Earned ratio?
-
1.70
-
4.17
-
0.52
-
1.52
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Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
