LJ Shoes has the following data: Assets $10,000; Interest rate 10%; Debt ratio 60%; Total assets turnover 2.0; Profit margin 3%; Tax rate 40%. What is LJ’s (TIE) times interest earned ratio?

Q: ENN Corporation has interest expense of P16,000, sales of P600,000, a tax rate of 30%, and after-tax…

A: Times interest earned ratio = Earnings before interest and tax/interest  expense  where, Earnings…

Q: what is the amount of its sales?

A: We know that  Asset Turnover =  Sales/Total assets  Total debt to Total assets ratio = Debt / Total…

Q: AEI Incorporated has $5billion in assets, and its tax rate is 40%. Its basic earning power (BEP)…

A: Assets = $ 5 billion Tax rate (T) = 40% BEP ratio = 11% ROA = 10%

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: The following information are available for Showan Inc: Operating Profit Margin 21%, taxes of 35%,…

A: Operating profit margin ratio = 21% Tax rate = 35% Interest expenses = 120,000 Sales = 3,527,000…

Q: The Amer Company has the following characteristics: Sales 1,000 Total assets 1,000 Total debt/Total…

A: The return on equity (ROE) expresses the ability of the company of generating returns from the…

Q: ABC Company has sales of $500,000, COGS of $250,000, operating expenses of $200,000, net income of…

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

Q: The Intelinet Corporation and Comp Inc. have assets of $100,000 each and a return on common equity…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Shannon Corporation gathered the following information from its financial statements: Net sales…

A: Profit margin = Net income / Net sales = $25200/$180000 = 14% Current ratio = Current assets /…

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

A:

Q: The most recent financial statements for Tran Company are shown here: Income Statement Sales Costs $…

A: The sustainable growth rate (SGR) is the highest rate at which a company's earnings may expand…

Q: he most recent financial statements for Bello Co. are shown here:     Income Statement Balance…

A: Given: Dividend payout ratio is 28%. The table is:   Income statement Balance Sheet   Sales…

Q: Dearborn Supplies has total sales of $210 ​million, assets of $108 ​million, a return on equity of…

A: Concept: The debt ratio is defined as the financial ratio that includes the measure of company’s…

Q: Footfall Manufacturing Ltd. reports the following financial information at the end of the current…

A: Ratio analyses are used to evaluate the current conditions of the business and compare them with the…

Q: Hank's Motor Works has total assets of $698,400, long-term debt of $289,500, total equity of…

A: Given the following information: Total assets: $698,400 Long-term debt: $289,500 Total equity:…

Q: McShane Corporation has sales of $300,000, a gross profit margin of 35%, operating expenses of…

A: The time interest earned ratio is the ratio that provides the ability of the company to pay of its…

Q: What are the annual sales for a firm with $800,000 in debt, a total debt ratio of .06, and an asset…

A: Debt = 800,000 Total Debt ratio= 0.60 Asset turnover ratio =2

Q: Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital…

A: Net Profit Margin: This ratio tells how much profit is produced as a percentage of sales.   Asset…

Q: The most recent financial statements for Bello Co. are shown here:   Income Statement   Balance…

A: The conceptual formula is:

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

A: Given information: Dividend paid amounted to $4,200 Sales projected for the next year to be $37,950

Q: Landvision Inc. had net income in 2020 for $120,000. Here are some of the extra financial ratios…

A: Return on Equity- Return on Equity can also be referred to as "Return on Net Assets." It calculates…

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: what is Comp Inc.’s profit margin?

A: Profit margin signifies how well an entity performs to handle its finance. It is calculated in…

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: An enterprise has total assets turnover of 3.5 times and a total debt to total assets ratio of 70%.…

A: Total debt / Total asset = 70% $1,000,000 / Total assets = 70% Total assets = $1,000,000 / 70% Total…

Q: Lamar , Inc. has sales of $8500, total assets of $2500, and a debt to equity ratio of 0.8, if its…

A: Net income refers to the income or amount which is earned by the enterprise by rendering services or…

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

A: Percentage of increase in sales =42112-3760037600=12%Increase in Net fixed assets =135000×12%=$16200…

Q: AEI Incorporated has $5 billion in assets, and its tax rate is 40%. Its basic earning power (BEP)…

A: The Times Interest earned ratio provides information as company is able to meet the interest cost…

Q: Lone Star Plastics has the following data: Total Assets: R100,000 ; Net Profit margin: 6.0%; Tax…

A: Assets Turnover Ratio = Turnover/Assets 3 = Turnover/100000 Turnover = 300000

Q: Humphrey Hotels’ operating income (EBIT) is $40 million. The company’s times interest earned (TIE)…

A: Return on Assets is the ratio that shows the profitability of the assets of the company which means…

Q: Dearborn Supplies has total sales of $206 ​million, assets of $94 ​million, a return on equity of…

A: Net income = Profit margin * Sales = 0.078 * $206 million = $16.068 million Equity = Net income /…

Q: Dearborn Supplies has total sales of $195 ​million, assets of $100 ​million, a return on equity of…

A: Return on equity = Net Income / Shareholder's equity Net profit margin = Net Income / Sales 7.4% =…

Q: 8. The Amer Company has the following characteristics: Sales 1,000 Total assets 1,000 Total…

A: return on equity = net income/shareholder's equity given data  Sales 1,000Total assets 1,000Total…

Q: National Co. had P24,000,000 in sales last year. The company's net income was P500,000, its total…

A: The ratio analysis helps to analyse the financial statements of the business with assets and…

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

A: External financing needed is the amount of additional funds required by the company to support the…

Q: Last year Justine Corp. had sales of P315,000 and a net income of P17,382 and its year-end assets…

A: Du Pont analysis is a technique that is used to decompose the different drivers of the return of…

Q: ABC Company has sales of $500,000, COGS of $250,000, operating expenses of $200,000, net income of…

A: The times interest earned ratio is calculated as EBIT or operating income divided by Interest…

Q: Shelby's Motor Works has total assets of $700,400, long-term debt of $300,500, total equity of…

A: Given the following information: Total assets: $700,400 Long-term debt: $300,500 Total equity:…

Q: The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet…

A: Sustainable growth rate The sustainable growth rate is that rate that involves maximizing revenue…

Q: he most recent financial statements for Alexander Co. are shown here:     Income Statement Balance…

A: Given: Income Statement   Balance Sheet Sales $50,000 Current assets $78,300…

Q: Lone Star Plastics has the following data: Assets - $100,000; Interest rate - 8%; Debt ratio - 40%;…

A: Total asset turnover ratio = Net sales / Total assets 3 times = Net sales / $100,000 Net sales =…

Q: times-interest-earned ratio

A: Times interest earned ratio = Earnings before interest and taxes/Interest expense

Q: Calculate Zumwalt’s net profit margin and debt ratio. Earth’s Best Company has sales of $200,000, a…

A: Part 1:With the given values, we can calculate the net profit margin and debt ratio as follows:

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: Boots and Shoes inc has sales of $7525, total assets of $3215 and a debt equity ratio of 1.30. If…

A: Sales = $7525 Total assets = $3215 Debt to equity ratio = 1.30 Equity to asset ratio  = 1/(1+Debt to…

Q: The most recent financial statements for Bello Company are shown here: Income Statement Balance…

A: A rate that provides information about the growth of a company that can be achieved without using…