The information related to interest expense of classic music, inc. is given below:
Net Income $265,000
Income tax expense 105,000
Interest expense 66,000
Based on the above data, which of the following is the times - interest - earned ratio? (round the final answer to two decimal places)
A) 6.61 times
B) 4.15 times
C) 5.02 times
D) 4.02 times
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The information related to interest expense of classic music, inc. is given below: Net Income $265,000 Income tax expense 105,000 Interest ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Rossdale, Inc., had additions to retained earnings for the year just ended of $640,000. The firm paid out $55,000 in cash dividends, and it has ending total equity of $7.35 million.
Answers (1)
Esteban has a large credit card balance, such that his minimum monthly payment is $250. Every month he makes that payment and puts another $150 into his savings.
Answers (1)
Georgia uses the high-low method of estimating costs. Georgia had total costs of $50,000 at its lowest level of activity, when 5,000 units were sold. When, at its highest level of activity, sales equaled 12,000 units, total costs were $78,000.
Answers (1)
Creswell Corporation's fixed monthly expenses are $29,000 and its contribution margin ratio is 56%. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are
Answers (1)
Which of the tasks would you like to do first: clean the stove, wash the dishes, or mop the floor? d. which of the tasks would you like to do: first clean the stove, wash the dishes, or mop the floor?
Answers (1)
New Questions in Business
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)
Which of the following is an illegal marketing practice? A. Premium pricing B. Loss-leader pricing C. Bait-and-switch D. Vertical price fixing E. Prestige pricing
Answers (1)