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Gemiola [76]
2 years ago
9

Ron Landscaping's income statement reports net income of $76,700, which includes deductions for interest expense of $12,600 and

income taxes of $36,300. Its times interest earned is:
Business
1 answer:
vlabodo [156]2 years ago
3 0

Its time's interest earned is = 9.968 Times.

What is times interest?

The ability of a business to make debt payments on time is gauged by the interest coverage ratio or times interest collected. EBIT or EBITDA divided by the total interest expense might be used to determine it.

Times interest = \frac{Earnings before Interest and Tax}{Interest}

Earnings before Interest and tax = Net Income + Interest + Tax

Earnings before Interest and tax = 76,700 ₊ 12,600 ₊ 36300

Earnings before Interest and tax = $1,25,600

therefore,Times intererst =  \frac{Earnings before Interest and Tax}{Interest}

Times interest = \frac{1,25,600}{12,600}

Times interest = 9.968 Times.

To know more about Times interest refer to:  brainly.com/question/14226671

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2 years ago
Dee's Fashions has a growth rate of 5.2 percent and is equally as risky as the market while its stock is currently selling for $
emmasim [6.3K]

Answer:

12.6%

Explanation:

Using the Capital Market Pricing Model (CAPM) to compute the expected rate of return on Dee's Fashion stock.

Expected rate of return = R_{f} +\beta (R_{m} -R_{f} )

Where R(f) = risk free rate of return, or market return less risk premium = 12.6% - 8.7% = 3.9%

\beta = the risk of the stock relative to the market risk. In this case, beta = 1, since the company is equally as risky as the market (as noted in the question)

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The return is the same as the stock market return because the stock is equally as risky as the market.

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