Granny's Greens reported Interest expense of $5,700, Income tax expense of $28,000, and Net income of $88,000. Granny's interest coverage ratio is: (Round the final answer to two decimal places.) A. 0.05 B. 0.06 C. 21.35 D. 20.35
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- Using this data, compute the company’s value of interest coverage ratio:Net Income: 140Income tax expense: 110Interest expense: 50a) 6b) 3.75c) 4.75d) 6.25K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...K Compute the amount of interest for $247.00 at 8.28% p.a. from November 22, 2006 to September 18, 2007. The interest earned is $ im
- FIND THE SIMPLE INTEREST AND AMOUNT IN EACH OF THE FOLLOWING:A. P = P2.600 R = 12% T = 3 YEARSB. P = P180 R = 3% T = 1 ¼ YEARC. P = P3,125 R = 15% T = 73 DAYSUse the following information for Cronos Group, Inc. (CRON): EBIT / Revenue 25.50% Government Tax Rate 42.50% Revenue / Assets 1.95 times Current Ratio 3.15 times EBT / EBIT 0.80 times Assets / Equity 2.00 times Its interest coverage ratio is closest to: A. 2.50. B. 5.00. C. 7.15. D. 9.25.Calculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed value Amount of property tax due $42.50 per $1,000 $ 105,000
- Assume the following: Revenue = $1,500; COGS = $450; SGA = $300; EBIT = $600; Taxable income = $525; Net Income = $315. What is Taxes? 29% 8% 14% 40%Based on the information provided, what is net income for the current periodon Dec,31 the net income is $20,000, interest expense is $5,000. The interest coverage ration is (Ignore tax by assuming tax is zero)) O a. 25% O b. 4 O c. 5 O d. 20%
- Calculate Interest Coverage ratio from the following details NPAT is 97,500 Tax Rate is 35% Debentures are 6,00,000 at 10%Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $32,500 Liquid assets = $6,500 Monthly credit payments = $1,200 Monthly savings = $600 Net worth = $84,500 Current liabilities = $2,400 Take-home pay = $3,100 Gross income = $5,900 Monthly expenses = $3,640 Multiple Choice 10.17% 38.71% 38.46% О 1.79% 2.71%The Snella Company reports 2023 Pre-tax Net Income of $10,000. The following items exist: Premiums Paid for Key Officer Life Insurance Accrued Revenues Unearned Revenues $ 200 $ 80 $ 50 The tax rate is 20%, Indicate the amounts for 2023 Income Tax Expense and 12/31/23 Income Tax Payable, respectively: Select one: a. $2,040, $2,034 b. $1,960, $1,934 Oc. $1,960, $1,986 d. $2,040, $1,986 e. $2,034, $2,034