he Mickey corporation has an annual profit before interest and tax of $19.6M, and an interest cost on loans valued an amount of $10.8M. What is their interest coverage ratio? note: write the mumber with at most 2 decimal places (eg. 75.17)
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- Bank Muscat reported pretax income of OMR 800,000 along with a loan loss provision of OMR 80,000 and net charge- offs of OMR 40,000. Its loan loss provision coverage ratio would be Answer.Consider the following income statement for WatchoverU Savings Inc. (in millions): (LG 19-1) What is WatchoverU’s expected net interest income at year-end? What will be the net interest income at year-end if interest rates rise by 2 percent?A firm has net income before interest and taxes of $ 193,000 and interest expense of $28, 100. What is the times interest - earned ratio? Note: Round your answer to 2 decimal places. -
- How do I calculae the times interest earned ratio?Merryweather Corporation reported net income of $150,000, income before taxes of$240,000 and interest expense of $32,000. What is the times-interest-earned ratio? (Roundyour final answer to two decimal places.)a. 4.69b. 5.69c. 7.50d. 8.50The following loan was paid in full before its due date a) Find the value of h using an appropriate formula b) Use the actuarial method to find the amount of unearned interest c) Find the payoff amount Regular Monthly Payment # of Payments Remaining after Payoff APR 7.2% $247 8 What is the finance charge per $100 financed? h=$ (Round to the nearest cent)
- Note: The rate of interest on Epona's overdraft is 10 per cent per annum. Required: a. Calculate four ratios for each company showing profitability and five showing liquidity. (Use 365 days a year. Round your trade receivable days and credit period ratio answers to 1 decimal place, and all other answers to 2 decimal places.) find profit before interest and tax, return on capital employed (before interest and tax), capital turnover and credit period ratio.What is the fixed charge coverage ratio? Answer in the form of 5.0x (one decimal place...hint: should end in .0x or .5x) Assume: Sales - $1,000 Depreciation - $3 PP&E - $15 Taxes paid - $8 Accounts receivable - $2.5 Debt due within one year - $10 Capital Expenditures - $2 Net Income - $25 Interest expense - $6 Total Debt - $112.5The following loan was paid in full before its due date. a) Find the value of h using an appropriate formula. b) Use the actuarial method to find the amount of unearned interest. c) Find the payoff amount. Regular Monthly Payment APR # of Payments Remaining after Payoff 8.7% 4 $214 What is the finance charge per $100 financed? h = $ (Round to the nearest cent.) The unearned interest is about $ (Round to the nearest cent.) The payoff amount is $ Enter your answer in each of the answer boxes. f12 inser f9 f1o f7 fg f6 f4 f5 esc 5 7 8. %24 3 %23
- Consider the following balance sheet for WatchoverU Savings Incorporated ($ in millions): Assets Floating-rate mortgages (currently 13% annually) 30-year fixed-rate loans (currently 10% annually) Total $ 70 70 a. Net interest income b. Net interest income $ 140 a. What is WatchoverU's expected net interest income at year-end? b. What will be the net interest income at year-end if interest rates rise by 1 percent? million million Liabilities NOW accounts (currently 9% annually) Time deposits (currently 9% annually) Equity (For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places. (e.g., 32.16)) $.90 32 18 $ 140A man borrowed P18,400.00 from a credit union that charges 8% simple interest for 1 year and 9 months. What is the amount of interest charged?Please answer this question.