Citrine Company reported the following on its income statement:  Income before income taxes $500,000 Income tax expense   100,000 Net income $400,000 An analysis of the income statement revealed that interest expense was $50,000. Citrine Company's times-interest-earned ratio was:   a. 18.   b. 5.   c. 9.   d. 11.

Q: Kipay Co. had the following account balances: Sales - P120,000; Cost of goods sold - P60,000; Salary…

A: Income before tax means the profit earned before paying any taxes to the government authorities. It…

Q: Orca Industries Below are the two most recent balance sheets and most recent income statement for…

A: Dear student as per guideline we can solve first three sub parts ROA 0.0684 ROCE 0.1521…

Q: The Sunflower Corporation reported the following information from their financial statements:…

A: Dollar amount of taxes the firm had to pay to the taxation office is the amount that is applicable…

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Q: The Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement…

A: Times Interest Earned is the ratio that depicts how many times the organization can cover its…

Q: Refer to the following selected financial information from Gomez Electronics. Compute the company's…

A: Return on Total Assets - This ratio indicates how much company has earned from the invested assets.…

Q: Times interest earned Berry Company reported the following on the company's income statement in two…

A: Times Interest Earned: This ratio is a measure of a company's ability to meet its debt obligations…

Q: Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $…

A: Workings: Tax rate=TaxesIncome before tax×100=$19.11$91.00×100=21%   Interest expense after…

Q: What is the company's times interest earned ratio?

A: Information Provided: Income before provision for income taxes = $1,025,959 Interest expense =…

Q: Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent…

A: Net income before interest and tax = Gross profit + rent received - (insurance + salaries and wages…

Q: SOP Corporation furnished you with the following information: Net income after taxes P18,000 Income…

A: The Formula is; Times Interest earned = EBIT / Interest expense Division of interest expense with…

Q: Merryweather Corporation reported net income of $150,000, income before taxes of $240,000 and…

A: Times interest earned ratio is one of the ratio which shows income before interest and taxes with…

Q: 2. Sohar Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the…

A: Income tax is a liability of every individual toupee to the government based on their taxable…

Q: A company reports the following:Income before income tax                     $8,000,000Interest…

A: Times interest earned ratio: This financial metric gauges the company’s capability to pay the…

Q: Last year, Emmy Company had a net income of P170,000, income tax expense of P37,000, and interest…

A: Times-interest earned ratio refers to the ratio which measures the ability of the company in meeting…

Q: XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of…

A: Sales = $1,522,982 Cost of goods sold = $825,220, Depreciation expenses = $101,083 Interest expenses…

Q: A company's has interest expense of $52,000, income taxes expense of $121,000 and net income of…

A: Time-interest earned ratio: It shows the amount of income earned for each dollar of interest expense…

Q: The following information is given to you relating to the operations of PrincehallCorporation: The…

A: Income from operations only only the income and expenses which are related to the business…

Q: GHT Corporation reports the following amounts in its December 31, 20XD income statement: I5950.000…

A: Net Sales=Sales-Sales Returns & Allowances-Sales Discounts Gross Profit=Net Sales-Cost of Goods…

Q: Oriole Company reported the following on its income statement: Income before income taxes $816000…

A: The TIE ratio is an indicator of a company's ability to fulfil debt obligations based on current…

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A: Return on net assets = net income/NOA NOA = net operating assets = total assets - current…

Q: The times interest earned ratio of Mikoto Company is 4.5 times. The interest expense for the year…

A: EBITDA=Times interest earned ratio×Interest expense=4.5×P 20,000=P 90,000

Q: Selected accounts are listed below. How much is the firm's operating income? accrued payroll $2,000…

A: Operating income is one of the measure of profitability of the business. This is calculated by…

Q: Here are simplified financial statements for Watervan Corporation:   INCOME STATEMENT (Figures in…

A: Economic value added: Economic profit is a measure based on residual income technique. It is…

Q: Iacouva Company reported the following on the company’s income statement for two recent years:…

A: Times-Interest-Earned Ratio Formula:

Q: How do I calculae the times interest earned ratio?

A: Calculate the times interest earned ratio as follows: Times interest earned ratio = EBIT / Interest…

Q: What is the interest coverage ratio?

A: Interest Coverage Ratio: It is a measure showing how well the firm can pay the interest expense on…

Q: Santos Company had a 40 percent tax rate. Given the following pre-tax 21) amounts, what would be the…

A: Income tax is charged on the net income of the business. The net income is the Excess of revenue…

Q: A computer company announces the following data. In tax-year 1, gross income is $43,000,000, the…

A: Gross income less operating expenses gives earnings before interest and taxes (EBIT). Taxable income…

Q: The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures…

A: a) Tax rate = Tax / Income before tax 21.00%   17.43 / 83           Economic value added =…

Q: G. R. Edwin Inc. had sales of $5.88 million during the past year. The cost of goods sold amounted to…

A: Tax liability is the amount of tax that a firm/individual needs to pay to the Government on its…

Q: A company reports the following:Income before income tax                $4,000,000Interest expense…

A: Times interest earned ratio quantifies the number of times the earnings before interest and taxes…

Q: Hsu Company reported the following on its income statement:   Income before income taxes $330,740…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Webby Corporation reported the following amounts on its income statement: service revenues, $32,500;…

A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…

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A: Formula: Profit margin ratio = ( Net income / Net sales ) x 100

Q: Oriole Company reported the following on its income statement: Income before income taxes $730000…

A: Income statement: The income statement is one of the three primary financial statements used to…

Q: The following data were abstracted from the records of Ballistic Corporation for the year: Sales…

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Q: Consider the following data from the financial statements of Stevenson Company, which has a tax rate…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

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A:

Q: Grand Company reported the following on its income statement: Income before income taxes$ ,000…

A: Lets understand the basics. Times interest earned ratio indicates the companies ability to pay…

Q: companys income before interest expense and income taxes is 175,000 and its inerest expense is…

A: Times interest earned ratio  will calculated using  Interest expense  and PBIT

Q: Times interest earned A company reports the following: Income before income tax $1,108,800…

A:

Q: Hsu Company reported the following on its income statement:   Income before income taxes $343,271…

A: Times interest earned ratio (TIER) shows the capacity of the company in fulfilling the liabilities…

Q: Averill Products Inc. reported the following on the company's income statement in 20Y8 and 20Y9:…

A: Times interest earned ratio shows the ability of a company to meet it's interest obligation. Times…