### Firm times-interest-earned ratio

Assignment Help Accounting Basics
##### Reference no: EM13143178

Ajax Corp's sales last year were \$460,000, its operating costs were \$362,500, and its interest charges were \$12,500. What was the firm's times-interest-earned (TIE) ratio?

a. 9.75

b. 7.80

c. 8.19

d. 7.18

e. 7.72

#### Questions Cloud

 What span error does environmental effect generate : Range of 0 to 5 Volts. An environmental effect, such as a change in ambient temperature, lowers the sensitivity by 2%. What span error does this generate? What direction will the demand for dunkin donuts : Dunkin Donuts raises the price of its French Vanilla coffee by 15%. The demand for Dunkin Donuts glazed doughnuts will change by what percentage and in what direction? Consolidated sales and cost of goods sold : During the current year, Top sold merchandise to Bottom for \$100,000. The subsidiary still possesses 40 percent of this inventory at the end of the current year. Top had established the transfer price based on its normal markup. What are consolida.. Reeve''s textbook : You must use the Reeve's textbook as one of your references. If needed you may use other resources such as books, articles, discussion board responses and case examples. Firm times-interest-earned ratio : Ajax Corp's sales last year were \$460,000, its operating costs were \$362,500, and its interest charges were \$12,500. What was the firm's times-interest-earned (TIE) ratio? Compute total overhead cost applied to job : Compute the total overhead cost applied to Job 407. Would you expect substantially different amounts of overhead cost to be charged to some jobs if the company used a plantwide overhead rate based on direct labour cost instead of using departmental.. The terms hispanic and latino are umbrella : The terms Hispanic and Latino are umbrella terms for people from many different Spanish-speaking cultures in the Western Hemisphere Formulate a linear program for blend mix : Formulate a Linear Program for Blend Mix at Bluegrass Distillery, The Bluegrass Distillery produces custom-blended whiskey Formulate a linear program to determine production plan : Formulate a linear program to determine the production plan for the next three months that will minimize the total cost. Develop an EXCEL spreadsheet to find the optimal solution for Contois Carpets.

### Write a Review

#### How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

#### Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

#### Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

#### Theory of interest - term structure of interest rates

Term Structure of Interest Rates

#### Write a report on internal controls

Write a report on Internal Controls

#### Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

#### Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

#### Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

#### Liquidity and profitability

Distinguish between liquidity and profitability.

#### What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

#### Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

#### Capm and venture capital

CAPM and Venture Capital

#### 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!

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