For the most recent year, Camargo, Inc., had sales of $562,000, cost of goods sold of $248,050, depreciation expense of $63,900, and additions of retained earnings of $76,300. The firm currently has 23,500 shares of common stock outstanding and the previous year's dividends per share were $1.45. Assuming a 22% income tax rate, what was the times interest earned ratio
For the most recent year, Camargo, Inc., had sales of $562,000, cost of goods sold of $248,050, depreciation expense of $63,900, and additions of retained earnings of $76,300. The firm currently has 23,500 shares of common stock outstanding and the previous year's dividends per share were $1.45. Assuming a 22% income tax rate, what was the times interest earned ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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For the most recent year, Camargo, Inc., had sales of $562,000, cost of goods sold of $248,050,
Assuming a 22% income tax rate, what was the times interest earned ratio? (DO NOT round intermediate calculations and round your answer 10 2 decimal places, e.g., 32016
Times interest earned: ? times
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