Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and interest expense of S12,500. The tax rate is 30 percent. What is the times interest earmed ratio?
Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890, depreciation of $32,450, and interest expense of S12,500. The tax rate is 30 percent. What is the times interest earmed ratio?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Gorilla Movers has sales of S645,560, cost of gods sold of SsA25,890,
ratio?
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