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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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Answer:

A

Explanation:

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Question 3 (1 point)
Neporo4naja [7]

Answer:

Bank tellers are responsible for handling customer financial transactions like deposits, withdrawals, transfers, money orders, and checking. ... A bank teller's duties also may include counting cash, answering phones, filing deposit slips and paperwork, managing ATM deposits, and balancing numbers at the end of the day.  umm sooo true I think.

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5 0
3 years ago
Monte Vista uses the perpetual inventory system. At the beginning of the quarter, Monte Vista has $39,000 in inventory. During t
vladimir2022 [97]
D. 16,110

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48,250-(850+290)=47,110
47,110-31,000=16,110
4 0
3 years ago
Converse Florists​ & Co. reported assets of $ 1 comma 200 and equity of $ 350. What is its debt​ ratio? (Round your percenta
Bas_tet [7]

Answer:

70.83%      

Explanation:

Given that,

Company's assets = $1,200

Equity = $350

Dept = Reported assets - Company's equity

        = $1,200 - $350

        = $850

Dept ratio = (Debt ÷ Total assets) × 100

                 = ($850 ÷ $1,200) × 100      

                 = 0.7083 × 100

                 = 70.83%      

Therefore, the Dept ratio of Converse Florists​ & Co. is 70.83%.

7 0
3 years ago
Mr. Smith believes that there is going to be rise in the equities market. Based on this information, what would allow Mr. Smith
White raven [17]

Answer:

The answer is 'Buy a Stock Index Future'

Explanation:

To take best advantage of this situation, Mr Smith should go long(buy) on this stock.

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