The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
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Answer:
the reason or reasons one has for acting or behaving in a particular way
Explanation:
Answer:
Workplace is a different environment. If you are stress by your home then being in a workplace can help you stay away from the source of stress.
Your workmates is a potential source of happiness.
Being paid by the task that you have done.
Explanation:
Answer:
C. total cost is $3000
Explanation:
Fixed cost is $1000 no matter what per week.
Your output is 100 units, average cost to produce each is $20.
so 100 * $20 = $2,000
total cost is $3000
hope this helps
