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Dmitry_Shevchenko [17]
3 years ago
6

A firm has an operating profit (EBIT) of $600 on sales of $1,000. Interest expense is $250 and taxes are $120. What is the times

interest earned ratio?
Business
1 answer:
Nezavi [6.7K]3 years ago
8 0

Answer:

2.4 times

Explanation:

The formula to compute the times interest earned ratio is shown below:

Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)

= $600 ÷ $250

= 2.4 times

In order to find out the times interest earned ratio, we divide the operating profit or earnings before interest and taxes by the interest expense so that it could come

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The chart indicates the tasks of four individuals who work in the Education and Training career cluster.
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Net credit sales for Winner Company are $100,000 for the year. The Accounts Receivable account had a balance of $15,000 at the b
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6 0
3 years ago
1. Differentiate between a group and a team.
OleMash [197]

Answer:

A group is different from a team. The Ringlemann Effect does contribute to the modern day team dynamics.

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Each team member of a highly effective team is intelligent enough to understand their tasks. They share common goals and achieve them by sharing a few moments of humor as well. They communicate well and have a strong leader.

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