Show solution ENN Corporation has interest expense of P16,000, sales of P600,000, a tax rate of 30%, and after tax net incomeof P56,000. What is the firm's times-Interest-earned ratio?6.05.03.A.B.C.4.5D. 3.5OHW Company's debt to equity ratio is 0.6. Current liabilities are P120,000, long term liabilities are P360,000,and working capital is P140,000. Total assets of the company must beA. P 600,00OP 800,000P1,200,000P1,280,0004.B.C.D.

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Answered: 3. ENN Corporation has interest expense…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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3. ENN Corporation has interest expense of P16,000, sales of P600,000, a taxrate of 30%, and after-ta of P56,000. What is the firm's times-interest-earned ratio? A. 6.0