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myrzilka [38]
3 years ago
5

Assume a companys income statefor year 9 is as follows:

Business
1 answer:
Fofino [41]3 years ago
6 0

Answer:

14.91 and 24.77%

Explanation:

The computation of the company interest coverage ratio is shown below:-

Interest coverage ratio = Earning before interest and tax ÷ Interest

= $161,000 ÷ $10,800

= 14.91

Operating profit margin = (Earning before interest and tax ÷ Revenue) × 100

= $161,000 ÷ $650,000 × 100

= 24.77%

Therefore we have applied the above formula and hence option is not available.

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Likurg_2 [28]

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2 years ago
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Consider the old maxim, "build a better mousetrap and the world will beat a path to your door." discuss the meaning of this phra
MAVERICK [17]

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3 years ago
Mountain Made started the month with 3 quilts in its beginning inventory that cost $200 each. During the month, Mountain Made pu
Virty [35]

Answer:

Cost of Goods Sold for the month is $1656

Explanation:

Weighted Average Cost System calculates a new average for goods after each purchase.

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<u>At Beginning:</u>

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8 0
3 years ago
Perhaps the best method for estimating the market value of shareholders' equity is to: _____________
kupik [55]

Answer:

C.multiply number of shares outstanding by the price of each share

4 0
2 years ago
What is the difference between patronizing your favorite store and patronizing your little brother?
Ugo [173]
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3 years ago
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