Ask Question
BusinessBusiness
10 October, 09:36

Desjardin Landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and income taxes of $34,900. Its times interest earned is:10.6 times7.5 times4.0 times6.5 times0.15 times

+5
Answers (1)
  1. 10 October, 13:13
    0
    10.6 times

    Explanation:

    The formula to compute the times interest earned ratio is shown below:

    Times interest earned ratio = (Earnings before interest and taxes) : (Interest expense)

    where,

    Earnings before interest and taxes = Net income + Interest expense + income tax

    = $75,300 + $11,500 + $34,900

    = $121,700

    And, the interest expense = $11,500

    Now put these values to the above formula

    So, the ratio would equal to

    = $121,700 : $11,500

    = 10.6 times
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Desjardin Landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and ...” 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
Today, you are buying a $1,000 face value bond at an invoice price of $987. The bond has a coupon rate of 6 percent and pays interest semiannually. There are two months until the next coupon date. What is the clean price of this bond?
Answers (1)
Assume JUP has debt with a book value of $24 million, trading at 120% of par value. The firm has book equity of $28 million, and 2 million shares trading at $20 per share. What weights should JUP use in calculating its WACC? A) 33.49 % for debt, 66.
Answers (1)
London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500 tiles; each tile sells for $12.00.
Answers (1)
If Sue has a contribution margin per unit of $5, which of the following unit price and unit variable costs would apply A. Variable unit costs of $10, and a price of $5. B. Variable unit costs of $10 and a unit price of $10. C.
Answers (1)
The costs to be accounted for in a cost reconciliation report consist of: Multiple Choice beginning work in process inventory + costs added to production during the period.
Answers (1)
New Questions in Business
You invest 60% of your financial assets in Standard & Poor's Depository Receipts with an expected return of 10% and a standard deviation of 20% and 40% of your financial assets in MSCI EAFE Index Fund with an expected return of 12% and a standard
Answers (1)
Advertising 2,800 Beginning of year inventory 37,800 Depreciation 1,300 End of year inventory 38,200 General and administrative expenses 5,100 Gross sales 145,600 Interest expense 5,000 Lease payments 2,600 Management salaries 39,500 Purchases
Answers (1)
Commercial banks, savings and loan associations, and credit unions Multiple Choice A. specialize solely in loaning money for home mortgages. B. operate as nonprofit organizations. C. deposit their excess funds with the U. S. Treasury. D.
Answers (1)
The central limit theorem is important in statistics because
Answers (1)
Successful bridging requires a fundamental reformulation of the problem such that the parties are no longer squabbling over their positions;
Answers (1)
Home » Business » Desjardin Landscaping's income statement reports net income of $75,300, which includes deductions for interest expense of $11,500 and income taxes of $34,900. Its times interest earned is:10.6 times7.5 times4.0 times6.5 times0.15 times
Sign Up Forgot Password?