For the most recent year Camargo Inc., had sales of $556,000, cost of goods sold $248960, depreciation expense of $64400, and additions to retained earnings of $76,800. The firm currently has 24,000 shares of common stock outstanding and the previous year's dividends per share were $1.50. Assuming a 23 percent income tax rate, what was the times interest earned ratio?

Q: Griffin’s Goat Farm, Inc., has sales of $719,000, costs of $395,000, depreciation expense of…

A: Formulas: Net income = (Sales - Costs -Depreciation - Interest)*(1-Tax rate)…

Q: Sidewinder, Inc., has sales of $638,000, costs of $329,000, depreciation expense of $74,000,…

A: Earning per share: It is a financial ratio where how much share is contributed to the total net…

Q: Trevi Corporation recently reported an EBITDA of $32,800 and $9,500 of net income. The company has…

A: given, EBITDA =$32,800  net income= $9,500  interest expense= $6,700  corporate tax rate = 35 %

Q: The most recent financial statements for Cardinal, Incorporated, are shown here: Balance Sheet $…

A: The current costs/sales ratio, dividend payment ratio, and assets/sales ratio can be used to…

Q: he following annual income statement and statement of retained earnings are prepared for Diaz…

A: Step 1 Financial statements are the report which depicts the financial performance and position at…

Q: Angola Corporation reported a net income of $154,000, declared dividends on common stock of $60,000,…

A: Given the following information: Net income: $154,000 Declared dividends on common stock $60,000…

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $1,045…

A: Retained Earnings is the amount of earnings that is accumulated and that is attributable to the…

Q: Kline Corporation had net income of P2 million in 2006. Using the 2006 financial elements as the…

A: Net income for 2007 = Net income in 2006(1 - Percentage decrease in net income in 2007) Net income…

Q: The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales…

A:

Q: Makers Corp. had additions to retained earnings for the year just ended of $285,000. The firm paid…

A: Given the following information: Addition to retained earnings: $285,000 Total equity: $4,850,000…

Q: For the year that just ended, Leaf Manufacturing had net income of $786,400 and preferred dividends…

A: Earning Per Share Earnings per share (EPS) is calculated as a company's profit divided by the…

Q: At the beginning of the current year, Wilson Corporation had 200,000 shares of 1$ par common stock…

A: Retained earnings: These are the residual earnings with the company that are used either for…

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: An income statement is a statement that shows a company's income and costs. It also displays if a…

Q: Fuentes Corporation reported a net income of $152,000, declared dividends on common stock of…

A: Given the following information: Net income: $152,000 Declared dividends on common stock $50,000…

Q: Bowles Sporting Inc. is prepared to report the following income statement (shown in thousands of…

A: Dividend payout ratio is used measure the proportion of amount of net income paid I the form of…

Q: This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and…

A: Sales = 730,000 Cost of Goods Sold = 580,000 Admin and selling expenses = 105,000 Depreciation…

Q: Ullrich Printing Inc. paid out $20,850 of common dividends during the year. It ended the year with…

A: Net income = Dividend Paid + Increase in retain earnings

Q: National Company's net income last year was P75,000. The company paid preferred dividends of P12,000…

A: Return on common stockholders equity means net earnings earned on the investment made by common…

Q: Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses…

A: Given: Reliable Corporation had sales of $60,257,593, cost of goods sold of $24,092,883, operating…

Q: Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,818,300.…

A: Given, Sales = $16,818,300 Depreciation and amortization = $830,300 Interest expense = $872,000…

Q: In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and…

A: Times Interest Earned = Earnings Before Interest and Tax/ Interest Expense

Q: Last year, Bad Tattoo Company had additions to retained earnings of $4,270 on sales of $94,090. The…

A: Depreciation is the reduction in the value of an asset over a useful life of the asset. It is an…

Q: At year-end 20X4, total assets for Geneva Corporation were P1.2 million and accounts payable were…

A: Here, To Find: Part a. Total debt in year 20X4 =? Part b. New long -term debt financing needed in…

Q: Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets…

A: Du-Pont: A Du-pont analysis is the equation which calculates the return on equity by multiplying net…

Q: Last year, the Allen Corporation had sales of $12.3 million with the cost of goods sold of…

A: Given the following information: Sales: $12.3 million Cost of goods sold: $3,750,000 Operating…

Q: A company reported earnings available to common shareholders as $4,200,000 last year. From those…

A: A company reported earnings available to common shareholders as $4,200,000 last year. From those…

Q: Marigold Corporation had net sales of $2,400,900 and interest revenue of $37,400 during 2020.…

A: Income statement: It tells the net profit / ( loss ) of the company in a particular period  All the…

Q: For the most recent year, Camargo, Inc., had sales of $562,000, cost of goods sold of $248,050,…

A: The times interest earned ratio, also known as the interest coverage ratio, shows a company's…

Q: For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods…

A: Sales of $44,042 Interest Expense is $2,918 Selling and admin. Expense is $10,626 Depriciation isn…

Q: A company had total revenues of $62 million, operating margin of 38.4%, and depreciation and…

A: EV/EBITDA is the ratio between enterprise value and earnings before interest, taxes, depreciation…

Q: Company A has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses…

A: Basic EPS = Net Income / Weighted Average No. of Shares Sales Revenue = $780000 Cost of Goods Sold =…

Q: Sidewinder, Inc., has sales of $674,000, costs of $338,000, depreciation expense of $83,000,…

A: Retained earnings are the excess amount of revenue after deducting all the expenses and paying out…

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…

Q: A company had total revenues of $42 million, operating margin of 20.2%, and depreciation and…

A: EV means enterprise value and EBITDA is earnings before interest, taxes, depreciation and…

Q: Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of…

A: Given the following information: Current stock price: $58 Net income: $8,400,000 Total equity:…

Q: In the recent year Hill Corporation had net income of $140,000, interest expense of $40,000, and tax…

A: Net Income before interest and taxes = Net income + Interest expense + Tax expense Net Income before…

Q: The most recent financial statements for Martin, Inc., are shown here: Income Statement Sales…

A: Given: Particulars Amount Sales $18,000.00 COGS $10,800.00 Taxable income $7,200.00 Taxes…

Q: In a recent year Ley Corporation had net income of $150,000, interest expense of $30,000, and a…

A: Net income: The net income of the business is determined by subtracting the total expenses from the…

Q: At the end of its third year of operations, the Sandifer Manufacturing Co. has 4,576,000 in…

A: Profit means the amount left after deducting all cost , expenses and taxes from revenue.

Q: rnings, and it has ending total equity of Br. 6 million. If the firm currently has 125,000 shares of…

A: Earnings per share is the monetary worth of a company's earnings per outstanding share of common…

Q: Griffin's Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Nash Corporation had net sales of $2,416,400 and interest revenue of $33,800 during 2020. Expenses…

A: Single step Income Statement :            In this format of income statement, the expenses are not…