User Account

All Pages

Determine the times interest earned ratio

Assignment Help Accounting Basics
Reference no: EM131642825

Question - For the FY 2016, Alpha Company had net sales of $950,000 and net income of $55,000, paid income taxes of $25,000, and had before tax interest expense of $10,000. Use this information to determine the: (Round & enter your answers to one decimal place and enter the value.)

1. Times Interest Earned Ratio

2. Profit Margin

Reference no: EM131642825

Questions Cloud

Determine the fiscal year total net credit sales : The accounts receivable turnover for 2016 was 5.0. Determine the Fiscal Year Total Net Credit Sales
How far can the executive branch go : The project is intended to encourage you to explore an aspect of one of the topics or issues raised.
Perform an external and internal analysis : Give an example of an ability and explain under what circumstances it is a core competency and under what circumstances it is not a core competency
What is the company marginal cost : It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator.
Determine the times interest earned ratio : For the FY 2016, Alpha Company had net sales of $950,000 and net income of $55,000, determine the Times Interest Earned Ratio
What is a preference under the bankruptcy code : What is a preference under the bankruptcy code? What time period is reviewed to determine if a preference has occurred?
Determine the quick ratio and current ratio : For the FY 2016, Alpha Company's balance sheet included the following current items: determine the Quick Ratio and Current Ratio
What is the company average cost : It costs a company $35,000 to produce 700 graphing calculators. The company's cost will be $35,070 if it produces an additional graphing calculator.
Used surveillance and covert investigation techniques : Assuming your investigation used surveillance and/or covert investigation techniques, what types of surveillance and/or covert operations would you use?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Using 250-500 words compare the concepts of

using 250-500 words compare the concepts of self-presentation and impression management.1. include some personal

  Identify the steps involved in risk assessment

Identify the steps involved in risk assessment. Do you think it would be effective for an organization to hire external consultants to develop its risk assessment plan?

  A physical count on may 31 2010 shows 2000 units of part

a physical count on may 31 2010 shows 2000 units of part m.o. on hand. using the fifo method what is the cost of part

  Calculate the balance of retained earnings

Prepare a classified balance sheet in good form. You will need to calculate the balance of Retained Earnings to be the balance needed to make your balance sheet balance once you've gotten all other accounts properly classified.

  Revenue and expense recognition and closing entries

Two years ago, Sue Stern opened an audio book rental shop. Sue reports the following accounts on her income statement:

  What is the amount of accumulated depreciation at december

What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

  Determining the income tax payable

The estimated litigation expense of $1,000,000 will be deductible in 2011 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $500,000 in each of the next three years. The income tax rate is 30% for all ..

  Basis in the machine

What is the amount of Mr. Dennis' basis in the machine?

  Homeowner insurance policy on her residence

Mary Marble took out a homeowner's insurance policy on her residence. One of the policy provisions listed the insured's duties with respect to a loss. This provision required the policyholder to give notice and required an inven- tory of damaged p..

  Determine the missing amounts

Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an amount is zero, enter in "0".

  In your audit of garza company you find that a physical

in your audit of garza company you find that a physical inventory on december 31 2010 showed merchandise with a cost of

  Uribe company sells a single product that has variable

uribe company sells a single product that has variable costs of 14 per unit. fixed costs will remain constant across

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd