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

Question

1 Approved Answer

The H.R. Pickett Corp. has $900,000 of debt outstanding, and it pays an annual interest rate of 7%. Its annual sales are $5.13 million, its

The H.R. Pickett Corp. has $900,000 of debt outstanding, and it pays an annual interest rate of 7%. Its annual sales are $5.13 million, its average tax rate is 30%, and its net profit margin on sales is 5%. What is its TIE ratio? Can you please show ne the calculation for this

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

Finance Theory And Practice

Finance Theory And Practice

Authors: Anne Marie Ward

4th Edition

191235036X, 978-1912350360

Students also viewed these Finance questions

Question

★★★★★
Explain what is meant by an imprest payroll account. What is its purpose as a control over payroll?

Answered: 1 week ago

Question

★★★★★
The managers of many U.S.-based MNCs have heard arguments that an MNC's exposure to currency movements will have unfavorable effects on its cash flows and earnings in some periods, and favorable...

Answered: 1 week ago

Question

★★★★★
7.9 Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Metters...

Answered: 1 week ago

Question

★★★★★
Discuss the brand development strategies marketers use to develop brands. Give an example of each strategy.

Answered: 1 week ago

Question

★★★★★
Question 7 10 pts Diversification refers to the reduction of the unsystematic risk of an individual investment, measured by its beta coefficient, by combining it with other investments in a portfolio...

Answered: 1 week ago

Question

★★★★★
Inventory records for Dunbar Incorporated revealed the following: Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming FIFO would be: A) $1,730 B) $1,710 C) $1,720 D)...

Answered: 1 week ago

Question

★★★★★
A pressure-fed monopropellant thruster has a 2 m propellant tank. The propellant tank is pressurized to 12 MPa by helium, which enters through a regulator that keeps the pressure in the propellant...

Answered: 1 week ago

Question

★★★★★
You are trying to learn whether a training program leads to higher post training wage rates. You compare the average wage rates for workers who went to training to the average wage rates for workers...

Answered: 1 week ago

Question

★★★★★
Cynthia uses hours to determine her internet use. Over a 4 week period in September, she used her internet for a total of 7 7 6 hours, of which 2 2 3 hours were used for work purposes. Her internet...

Answered: 1 week ago

Question

★★★★★
Gigabytes Computers, Inc, manufactures two styles of computer keyboards, the multimedia Keyboard and the Comfort Type keyboard. The company uses activity based costing to allocat overhead costs to...

Answered: 1 week ago

Question

★★★★★
Evelyn monitors the number of influenza infections reported in a city in a given week The recent numbers are shown in this table: Week Number of People 0 16 1 32 2 64 3 128 The reported infections...

Answered: 1 week ago

Question

★★★★★
Identify three types of physicians and their roles in health care.

Answered: 1 week ago

Question

★★★★★
Discuss three types of nurse professionals and their roles in health care.

Answered: 1 week ago

Question

★★★★★
Compare the types of managed care organizations (MCOs).

Answered: 1 week ago

Previous Question Next Question