User Account

All Pages

Determine what is the times interest earned

Assignment Help Financial Accounting
Reference no: EM132525171

Lever Age pays an 10% rate of interest on $9.30 million of outstanding debt with face value $9.3 million. The firm's EBIT was $2.7 million.

Question a. What is its times interest earned? (Round your answer to 2 decimal places.)

Question b. If depreciation is $130,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

Reference no: EM132525171

Questions Cloud

Explaining how russian trolls spread fake news : Read this Time article: A Former Russian Troll Explains How to Spread Fake News (By simon Shuster And Sandra Ifraimova) and view the video explaining how.
Calculate her final estate tax liability : Ghoulardi died in 2019. Her gross estate was worth $20,000,000. $5,000,000 went directly to her husband. Calculate her final estate tax liability
Comment on the quality of the audit evidence provided : For each of the examples given above (i.e., i. to v.), comment on the quality of the audit evidence provided. Where you consider the evidence to be deficient
IT Strategy and Governance : Example of successful or innovative IT strategy, you can quantitatively show worked out and under what circumstances this could work or be tailored for others
Determine what is the times interest earned : If depreciation is $130,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.) What is its times interest earned?
Solve amount of firm after-tax cash flow from operations : Solve the amount of the firm's after-tax cash flow from operations. the selling, general and administrative expenses ; depreciation; cost of goods sold
What are the estimated cash collections in May : Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale. What are the estimated cash collections in May
What are the differences between the two approaches : What are the differences between the two approaches? Be sure to include examples. How would you decide the best approach to take?
What was Clues total share of net income : Each partner withdrew $1,000 for personal use every month during 20X0. What was Clue's total share of net income for 20X0

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain how principles of capital budgeting

Develop a comprehensive analysis using NPV, Payback Method, and IRR to develop a recommendation on replacing the existing equipment with a new computerized version.

  How much cash did randys collect from its tenants

Randy's reported rent revenue for 2014 of $64,200.- How much cash did Randy's collect from its tenants during 2014?

  Physical count for merchandise inventory

The year-end physical count for Merchandise Inventory reflected a value of $51,500. Any difference in value will not be considered theft or loss

  Deduct all state taxes paid on her federal income tax return

Tammy, a resident of Virginia, is considering whether to purchase a North Carolina bond that yields 4.6% before tax. She is in the 35% Federal marginal tax bracket and the 5% state marginal tax bracket. Which of the two options will provide the great..

  What is deductible and what is not deductible

They have agreed to pay your fee for a research memo discussing applicable section(s) of the Internal Revenue Code and applicable law explaining what is deductible and what is not deductible.

  Compute the discounted payback statistic for project d

Compute the discounted payback statistic for Project D and recommend whether the firm should accept or reject the project with the cash flows shown below

  Adjusting entries and preparing an adjusted trial balance

Recording Adjusting Entries and Preparing an Adjusted Trial Balance [LO 4-2, 4-3] [The following information applies to the questions displayed below.] North Star prepared the following unadjusted trial balance at the end of its second year of operat..

  Analyze the changes in roa for abercrombie and fitch

Analyze the changes in ROA for Abercrombie & Fitch during the three-year period, suggesting possible reasons for the changes observed. Analyze the changes in ROCE.

  Prepare the journal entry required for the impairment

Grier purchased Walters Company several years ago. Walters become a reporting unit of Griers. At the end of 2014, Grier had a net book value of $1.6 million.

  Determine the basic earnings per share for pelangi berhad

Determine the basic earnings per share for Pelangi Berhad as at 30 September 2014, 2015, 2016 and 2017. Show all your workings.

  Journalize the entries needed the declaration

Andrews Inc. has 55,000 shares of $1 par value common stock outstanding on February 1. Journalize the entries needed the declaration and payment dates

  Questionusing the information below and on the next two

questionusing the information below and on the next two pages prepare the following as at 30th june 2014part a

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