In the past year, TVG had revenues of $2.93 million, cost of goods sold of $2.43 million, and depreciation expense of $102,200. The firm has a single issue of debt outstanding with book value of $1.17 million on which it pays an interest rate of 10%. What is the firm’s times interest earned ratio? (Do not round intermediate

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Q: What is the acid-test ratio?

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A: Formula: Times interest ratio = Operating income / interest expense

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A: Du Pont equation  ROE=NET PROFIT MARGIN X ASSETS TURNOVER RATIO X EQUITY MULTIPLIER

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A: calculation of total assets of the company... As per Equation Total of Assets=Total of…

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A: Part (a): Calculation of total liabilities in 2018: Answer: Total liabilities is $825,000 Formulas…

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A: Days sales outstanding is the number of days taken by firm to convert it's Accounts receivables into…

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

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A: Net Income refers to the accounting profit amount which a company has left out with after making…

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

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A: Note: It is a situation where multiple questions have been asked and no question is specified to…

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A: Annual interest expense = Amount of debt outstanding x rate of interest x period = $1,100,000 x 9% =…

Q: Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and…

A:

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A: As per the Guidelines, only first question should be answered. Since you have asked multiple…

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A: Free cash flow for the company refers to the net amount available in the form of cash and cash…

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A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

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A: Present current ratio=current assetscurrent liabilities=$1,800,000$750,000=2.4:1 New current…

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Q: Pop Evil, Inc.'s net income for the most recent year was $22,817. The tax rate was 21 percent. The…

A: Earnings before taxes = Net income / (1 - tax rate) = $22,817 / (1-0.21) = $28,882.28 Earnings…

Q: A company has current assets of $92,000 (of which $37,000 is inventory and prepaid items) and…

A: SOLUTION- CURRENT RATIO= CURRENT ASSET / CURRENT LIABILITY .   ACID TEST RATIO= QUICK  ASSET /…

Q: Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and…

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A: Receivables turnover = Net credit sales / Average Receivables

Q: The Malia Corporation had sales in 2015 of $65 million, total assets of $42 million, and total…

A: Given the following information: Sales: $65 million Total assets: $42 million Total liabilities:…

Q: At the beginning of the year, ABC's Accounts Payable balance was $75,000. During the year ABC paid…

A: Total Payment Made for Purchases = Opening Accounts Payable +Purchases made during the year -Closing…