Chapter 9, Problem 1BTN

To determine

Times Interest Earned Ratio:

It a ratio that helps in measuring the company’s ability to pay off its interest through the income generated by a company before interest and tax. It tells that how much amount a company has to use to pay off its interest obligation

Accrued Expenses:

Accrued expenses are those expenses which have been incurred by the company in an accounting period but for that payment has to be made in the next accounting period

1.

To compute:-The times interest earned ratio for the fiscal year ended 2015, 2014 and 2013.

2

To determine

To identify:-A’s total accrued expenses.

3

To determine

To compute:-A’s times interest earned ratio for the year ending after September26,2015 and comparer the result of times interest earned ratio of company A for the year ended 2013,2014,2015,2016 and 2017.
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