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11- Times interest earned for the year 2014 is: * O a) 7.22% O b) 7.22x O c) 12.34x O d) 13.43x O e) None of the above. OOOO

11- Times interest earned for the year 2014 is: * O a) 7.22% O b) 7.22x O c) 12.34x O d) 13.43x O e) None of the above. OOOO

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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2014 2013 Lease expense 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expen ses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accounts receivabie 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Tax rate 35% 35%
Transcribed Image Text:2014 2013 Lease expense 55.00 55.00 Plant & Equipment 5,170.00 4,910.00 Long term debt 3,220.00 3,122.00 Common stock 1,550.00 1,300.00 Additional paid in capital 572.00 542.00 Accumulated depreciation 170.00 136.00 Land 350.00 270.00 Accounts Payable 380.00 300.00 Notes payable 44.00 25.00 Other current liabilities 242.00 211.00 Depreciation expense 34.00 30.00 Selling and G&A expenses 765.00 632.00 Sales 6,000.00 4,250.00 Cost of goods sold 3,300.00 2,550.00 Fixed expen ses 100.00 100.00 Interest expense 130.00 110.00 Cash 121.00 80.00 Accounts receivabie 370.00 347.00 Inventory 925.00 752.00 Retained earnings 758.00 723.00 Tax rate 35% 35%
11- Times interest earned for the year 2014 is: O a) 7.22% O b) 7.22x O c) 12.34x O d) 13.43x O e) None of the above.
Transcribed Image Text:11- Times interest earned for the year 2014 is: O a) 7.22% O b) 7.22x O c) 12.34x O d) 13.43x O e) None of the above.
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