Illustrate what is the company times interest earned ratio

Assignment Help Financial Accounting

Reference no: EM13124569

Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. What is the company’s times interest earned ratio?

Income before provision for income taxes $814,725
Interest expense $16,419
Statutory tax rate 35.2%
Provision for income taxes $285,150
Net income $529,575

Reference no: EM13124569

Questions Cloud

Multiplicatively closed subset- homomorphisms and kernels : Suppose S is a multiplicatively closed subset of the ring R. Describe the kernel of the natural ring homomorphism R-->(S^-1)R

Information about linear algebra proofs : Let L:R^n -->R^n be a linear operator on R^n. suppose that L(x) = 0 for some x does not equal 0. Let A be the matrix representing L with respect to standard basis. Show that matrix A is singular.

Amount of the total tax liability : Meese Paper Distributors, Inc. has before-tax earnings of $1,900,000. Using the corporate tax table found in the text, calculate the amount of the total tax liability for Meese.

What compounds will be present in the flask : If 25.00 mL of 0.687 M Fe(NO3)2 are added to a flask containing 0.289 g of aluminum metal, what compounds will be present in the flask once the reaction is complete? (Ignore water, etc.)

Illustrate what is the company times interest earned ratio : Selected balance sheet and income statement data for Green Tea, Inc., for the year ended December 31, 2011 are below. Illustrate what is the company’s times interest earned ratio?

Wiki : create a link to a Wiki? Make sure your wiki has not been posted yet. Each Wiki will be a new thread and name the thread the wiki name, such as Wikipedia or Marvel Movies Wiki. And answer one of the questions listed below in regards to your own wiki.

Is the related lease finance or operating lease : If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

Probability that average life time of bar-s tv is less : suppose a bar buys 10 of these sony tvs what is the probability that the average life time of the bar's tv is less than 19,650 hours.

Is the related lease finance or operating lease : If he sells the pubs abd then leases them back would you expect Lion Nathan to change how it accounts for the depreciation of he building?

User Account

All Pages