In the past year, TVG had revenues of $2.93 million, cost of goods sold of $2.43 million, and depreciation expense of $102,200. The firm has a single issue of debt outstanding with book value of $1.17 million on which it pays an interest rate of 10%. What is the firm’s times interest earned ratio? (Do not round intermediate

Q: Data on Shicksal Inc. for 2021 are shown below, along with the days sales outstanding of the firms…

A: The question is based on the concept of Financial Accounting.

Q: The company has a 10% interest bearing, promissory note of 50,000, payable after 5 years. Sales…

A: The financial leverage is the ratio that helps in measuring the dependency of the entity on debt…

Q: Vigo Vacations has $300 million in total assets, $7 million in notes payable, and $35 million in…

A: Debt ratio: The debt ratio measures the proportion of the asset paid for with debt. It is calculated…

Q: Chutes & Co. has interest expense of $1.05 million and an operating margin of 11.9% on total sales…

A: Interest rate ratio (ICR) is a financial measure of a company's ability to meet interest payments on…

Q: Crystal Oil has $9 million in accounts payable, $1.8 million in salaries and taxes payable, and…

A: Payables deferral period of a company, is nothing but the average time period taken to pay the…

Q: In the past year, TVG had revenues of $3.03 million, cost of goods sold of $2.53 million, and…

A: TIME INTEREST EARNED RATIO Times Interest Earned Ratio is the Ratio Between Earning Before…

Q: MPI Incorporated has $6 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)…

A: The times-interest-earned ratio (TIE) compares the EBIT of a company relative to the amount of…

Q: What is the amount of the firm’s net fixed assets?

A: Fixed Assets: These are assets having a life of more than one year. They are purchased for goods and…

Q: For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were…

A:

Q: MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: To calculate the Times Interest Earned (TIE) ratio for MPI Incorporated, we need to follow these…

Q: Lilly Inc has a DSO of 20 days, and its annual sales are $3,550,000. What is its accounts receivable…

A: (Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: A firm currently has receivables of $700,000, inventory of $600,000, and accounts payable of…

A: Days sales outstanding is the number of days taken by firm to convert it's Accounts receivables into…

Q: Use the following scenario to solve A-C. H2X Incorporated has accounts payable of $400,000 (a…

A: WACC means weighted average cost of all the sources through which funds are raised. WACC is equal to…

Q: Firm B has accounts receivable of $5,000,000 and annual sales of $9,000,000. What is the firm's days…

A: Accounts Receivable = $5,000,000Number of Days in Period = 365Annual sales = $9,000,000

Q: Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 2.00 times at the end of the…

A: A ratio analysis is a mathematical relationship between two variables that is used to determine the…

Q: Atreides International has operations in Arrakis. The balance sheet for this division in Arrakeen…

A: The balance sheet is a financial report which deposits the financial position of an entity at a…

Q: MPI Incorporated has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)…

A: Time interest earned ratio measures the ability to meet the interest obligations from its operating…

Q: The newspaper reported last week that Chen Enterprises earned $34.05 million this year. The report…

A: The earnings growth rate can be determined by using the company's retention ratio and the equity…

Q: Y3K, Incorporated, has sales of $7,475, total assets of $3,525, and a debt - equity ratio of .34.…

A: We need to use DuPont's formula to calculate net profit marginROE = Net profit margin *Total assets…

Q: Orono Corp.'s sales last year were $465,000, its operating costs were $362,500, and its interest…

A:

Q: Suppose that for 2010 Aquarius company's current assets totaled $60,000; total assets totaled…

A: Step 1: Introduction to the Debt-to-Equity Ratio:The debt-to-equity ratio is a financial ratio that…

Q: Fondren Machine Tools has total assets of $3,420,000 and current assets of $803,000. It turns over…

A: Return on stockholders' equity represents the earnings of the company held in hands of the…

Q: Orono Corp.'s sales last year were $585,000, its operating costs were $362,500, and its interest…

A: The times interest earned (TIE) ratio measures a company's ability to meet its interest payments on…

Q: ↑ Chutes & Co. has interest expense of $1.92 million and an operating margin of 10.9% on total sales…

A: The interest coverage ratio offers important clues about a company's financial health and debt…

Q: If Silas 4-Wheeler, Incorporated has an ROE of 17.06 percent, equity multiplier of 1.60, and profit…

A: Total asset turnover: A financial ratio that measures a company's efficiency in generating revenue…

Q: MPI Incorporated has $7 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: The term "TIE ratio" typically refers to the "Times Interest Earned" ratio. This is a financial…

Q: The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .34 and a…

A: Profit Margin = Net Profit/Sales So Net Profit = Sales * Profit Margin    ROE = Net Profit/Equity So…

Q: Tiggie's Dog Toys, Incorporated, reported a debt-to-equity ratio of 1.25 times at the end of the…

A: The objective of the question is to determine the amount of Tiggie's Dog Toys, Incorporated's assets…

Q: 1. Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total…

A: Net income When the revenues or incomes received by a company are higher than the expenses or…

Q: Ace Industries has current assets equal to $9 million. The company's current ratio is 2.5, and its…

A: Current assets = $9,000,000 Current ratio = 2.5 Quick ratio = 2.1

Q: Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its…

A: Introduction: Current liabilities: The Liabilities which are to be paid with in one year period of…

Q: MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: Times interest earned ratio is calculated by dividing the earnings before interest and tax (EBIT) by…

Q: Last year, Atlantic Richfield had sales of $325,000 and a net income of $28,700. The firm finances…

A: Return on equity (ROE) is the relationship between a company's profit and the investor's return.

Q: Ladders, Inc. has a net profit margin of 5.4% on sales of $49.3 million. It has book value of equity…

A: Profitability ratios refer to the type of ratios that evaluate the financial performance of the…

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: Company R generates $2,400 net income. Assume that the company pays $2,000 interests on its debts…

A: Times-Interest-Earned (TIE) Ratio : It is a measure of a firm's ability to satisfy its debt…

Q: Yummy Cake Corporation has current assets of $210,000, total assets of $310,000, current liabilities…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: hite Waters, Inc., has sales of $28 million, total assets of $36 million, and total debt of $11…

A: ROA is return on assets and is measure of profitability and can be calculated by net income divided…