Given the following income statements of three companies, which appears to have greater financial leverage (i.e. greater debt) based upon the interest coverage ratio?   Firm A Firm B Firm C EBIT $50 $100 $75 Interest 10 15 5 EBT 40 85 70 Taxes 20 45 50 EAT 20 40 20

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A: Solution:- Standard cost means as follows under:-

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A:

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Q: gageNOWv2 | Online teachin X +…

A: Solution..     Finished goods = $326,200  Total manufacturing costs incurred  = Finished goods +…

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A: Answer is option c) Debit to Refund Liability at Price