A company has interest expense of $54,000, income taxes expense of $136,040, and net income of $283,000. The company's times interest earned ratio equals:

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

Q: Prepare a schedule computing the net cash flow from operating activities that would be shown on a…

A: Cash flow from Operating Activities:-  It indicates the amount of money of a company brings in from…

Q: Selected accounts are listed below. How much is the firm's operating income?  accrued payroll…

A: Operating income of the firm is the income that is earned from the core business activities of the…

Q: X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its…

A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…

Q: A company has net sales of $770,300 and cost of goods sold of $556,300. Its net income is $21,910.…

A: Sales =  $770,300 Cost of goods sold = $ 556,300 Gross Margin = $ 214,000

Q: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses…

A:

Q: Calculate the net income for a company given the following information: Revenue: $50,000 Cost of…

A: Net income, also referred to as net profit or net earnings, is a measure of a company's…

Q: The following information are available for Showan Inc: Operating Profit Margin 21%, taxes of 35%,…

A: Operating profit margin ratio = 21% Tax rate = 35% Interest expenses = 120,000 Sales = 3,527,000…

Q: During the current year, Sokowski Manufacturing earned income of $446,500 from total sales of…

A: Please find the answer to the above question below:

Q: The Timber Ridge Company has the following relationships: Sales/Total assets = 2.46; ROA = 0.1080…

A: SalesTotal Assets = 2.46 ROA = 0.1080 Net profit Margin = Net IncomeSales

Q: Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: X-1 Corp's total assets at the end of last year were $450,000 and its EBIT was $55,000. What was its…

A: Introduction: The Basic Earning Power Ratio (BEP) measures how well a firm generates earnings in…

Q: A company's interest expense is $8,000. Its income before interest expense and income taxes is…

A:

Q: Crane reported the following information for its fiscal year end: On net sales of $ 53.000 billion,…

A:

Q: Mattress King determined its return on assets was 1.5%. Which statement is true? O Mattress King…

A: Formula: ROA = Net Income / Average Total Assets.

Q: A company’s net sales were $221,100, its cost of goods sold was $75,800, and its gross profit was…

A: Given: Net sales = $221,100 Cost of goods sold = $75,800 Gross profit = $145,300

Q: X-1 Corp's total assets at the end of last year were $495,000 and its EBIT was $52,500. What was its…

A: In this question, we are required to determine the Basic Earning Power (BEP) ratio.

Q: During the current year, Sokowski Manufacturing earned income of $320,000 from total sales of…

A: Sales margin is one of profitability ratio being used in business. This shows how much net income…

Q: For the past year, shame ltd., had sales of $45,002, interest expense of $4,306, cost of goods sold…

A: One of a business's performance accounts, an income statement, commonly referred to as a profit and…

Q: A company reports the following:Income before income tax                     $8,000,000Interest…

A: Times interest earned ratio: This financial metric gauges the company’s capability to pay the…

Q: Last year, Emmy Company had a net income of P170,000, income tax expense of P37,000, and interest…

A: Times-interest earned ratio refers to the ratio which measures the ability of the company in meeting…

Q: Gross profit ratio of a company was 25%. Its credit sales was $ 20,00,000 and its cash sales was…

A: We have the following information: Gross profit ratio: 25% Credit Sales: $2,000,000 Cash Sales: 10%…

Q: A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross…

A: Gross margin Ratio: The Gross Margin Ratio, also known as the gross profit margin ratio, is a…

Q: Times Interest Earned Loomis, Inc., reported the following on the company's income statement in tvo…

A: Working:   Current Year Prior Year Income before income tax expense $310,500,000   $432,000,000…

Q: Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What…

A: Here, Total Assets is $265,000 EBIT is $62,500

Q: For the past year, a firm had sales of $41,987, interest expense of $3,232, cost of goods sold of…

A: Lets understand the basics.Net income is a income earned by deducting all expenses from the sales…

Q: Compute the income after income tax given the following: Net Sales of 100,00,00.00; Marketing…

A: Given Information: Net Sales = 100,000,000 Marketing Expense = 5,000,000 Tax Rate = 30% Income after…

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: A firm has cost of goods sold of $6,570, gross profit of $5,860, and operating expenses of $3,210.…

A: Total operating expenses include the cost of goods sold and other operating expenses such as…

Q: Oriole Company reported the following on its income statement: Income before income taxes $816000…

A: The TIE ratio is an indicator of a company's ability to fulfil debt obligations based on current…

Q: A firm reported the following income statement (all figures are in thousands of dollars):   Net…

A: Tax is charged on the net earnings after deduction of all operating and finance costs. EBT or…

Q: Selected accounts are listed below. How much is the firm's operating income? accrued payroll $2,000…

A: Operating income is one of the measure of profitability of the business. This is calculated by…

Q: If sales for the year for the Genco Olive Oil Company is $296,024, net income for the year is…

A: The financial ratios refer to the ratios that are calculated using the financial data from the…

Q: Evening Story Corporation has sales of $4,944,222; income tax of $571,164; selling, general, and…

A: Gross Profit = Sales − Cost of Goods SoldGiven the data:Sales: $4,944,222Cost of Goods Sold:…

Q: Times Interest Earned Sprout Company reported the following on the company's income statement in two…

A: Times interest earned ratio shows ability of the business in meeting debt obligations with the help…

Q: For the past year, Momsen Limited had sales of $45,017, interest expense of $3,308, cost of goods…

A: Net income is overall profit received by the company after providing the operating expenses and the…

Q: For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods…

A: Sales of $44,042 Interest Expense is $2,918 Selling and admin. Expense is $10,626 Depriciation isn…

Q: What is the interest coverage ratio?

A: Interest Coverage Ratio: It is a measure showing how well the firm can pay the interest expense on…