1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
A professor wanted to compare two types of teaching styles. One type is by tutorials and the other is giving a lecture. It is a
Damm [24]

Answer:

The following are the answer to this question:

Explanation:

In the given question the correct choice is missing, that can be defined as follows:

In option A, It uses the development of matched-pairs.

In option B, In the score ranking, it uses the test score for both the test.

In option C, This type of variable is the form of presentation, which allows you a treatment, which consists of lectures thru lectures as well as a presentation offering a lesson.

In option D, The answer is students.

In option E, It is used to eradicate prejudice concerning which communication demonstration was first used.

8 0
3 years ago
What are the brunches of accounting​
polet [3.4K]

Answer:

<h3>there are<em><u> eight </u></em>branches in accounting:</h3>

1. forensic accounting

2. financial accounting

3. cost accounting

4. managerial accounting

5. fiduciary accounting

6. accounting information systems

7. tax accounting

8. Auditing

6 0
3 years ago
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
andriy [413]

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

Ending inventory = $240,000

Gross profit = $600,000

Inventory turnover = 6 times

Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

7 0
3 years ago
Crane Company had the following account balances:
aivan3 [116]

Answer:

The correct answer is $479,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the total revenue by using following formula:

Total revenue = Net sale + Dividend revenue  + Rent revenue

Where, Net sales = Sales revenue - Sales return

= $445,000 - $34,000 = $411,000

By putting the value in the formula, we get

Total revenue = $411,000 + $10,500 + $58,000

= $479,500

4 0
3 years ago
Yeloe Corporation sells 400 shares of common stock being held as an investment. The shares were acquired six months ago at a cos
guajiro [1.7K]

Answer:

a.

Explanation:

Cash (400*40)              Dr.$16,000

Loss on sale of stock investments (400*40-400*600  Dr.$8,000

Stock Investments  (400*60)                                          Cr.$24,000

As the stock was sold $20 below its purchase price therefore $20*400 will be recorded as loss on investments.The loss on investments and Cash will be debited and investments have decreased therefore credited.

6 0
3 years ago
Other questions:
  • A farmer has been given the opportunity to become a part owner in a local fertilizer business. If the farmer becomes an owner of
    13·1 answer
  • Which of the following is NOT a factor of production?
    11·2 answers
  • Which of the following transactions would cause a decrease in both assets and stockholders' equity? A) Paying advertising for th
    8·1 answer
  • Which information is found on a credit report?
    13·1 answer
  • Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:
    11·1 answer
  • Software that manages "back office" functions such as billing, production, inventory management, and human resources management
    7·1 answer
  • The following are national income account data for a hypothetical economy g in billions of dollars: government purchases ($1,050
    12·1 answer
  • Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and
    15·1 answer
  • Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will
    5·1 answer
  • wyanot company issued 1,000 shares of its 5%, $100 par value, cumulative preferred stock for $110 cash per share. the journal en
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!