Pop Evil, Inc.'s net income for the most recent year was $22,817. The tax rate was 21 percent. The firm paid $4,081 in total interest expense and deducted $5,991 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times

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A: Time Interest Earned Ratio: When a company's current revenue exceeds its debt commitments, the time…

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

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A: Operating cash flow means the cash generated from regular business operations. It relates to the…

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A: Return on total assets = Net Income/ Avg. total assets

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Q: How much Net Income did the company earn during the year

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A: Given: Net income = $12,500 Interest expense = $2,500 Times interest earned = 9

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A: We should first compute the tax payable in cash which will be arrived at by computing the net…

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A: GIVEN, sales 10300 operating cost 6450 depreciation 1400 BOND 4800 INT RATE 6%…

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A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

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A: Items which are added back to [or subtracted from, as appropriate] the net income figure (which is…

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A: Cash paid for income taxes under the direct method = income tax expense + beginning Income Tax…

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A: Business interest expense for the year is that amount which is properly allocable to both an…

Q: Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and…

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

Q: Patterson Brothers recently reported an EBITDA of $8.5 million and net income of $1.8 million. It…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

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A: Net income is the excess of revenue over all the operating and other expenses of the company…

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

A: Interest Expense = $ 19 million  Less- Increase in interest payable = $ 3 million Interest Paid = $…

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A: Calculation of operating cash flow are as follows:

Q: Show your answer using the income statement structure.

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A: Payables deferral period is a measure of delay between when a firm receives a bill and pays towards…

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A: Free cash flow = Net operating profit after taxes - Increase in Total operating capital

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A: “Since you have posted multiple question, we will solve first  question . To get remaining questions…

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

A:

Q: Green Office Supplies recently reported $15,500 of sales, $8,250 of operating costs other than…

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

Q: During the year, Belyk Paving Co. had sales of $2,600,000. Cost of goods sold, administrative and…

A: Calculate the net income as follows:

Q: TSW Inc. had the following data for last year: Net income = $800; Net operating profit after taxes…

A: Free cash flow shows the cash flow through its operations deducting the cost of expenditures on…

Q: TSW Inc. had the following data for last year: Net income = $800; Net operating profit after taxes…

A: The formula used is shown:

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A: Particulars Amount ($) Net Sales 6,700,000 Less: Operating costs (4,300,000) Less:…

Q: flow

A: Introduction: Operating cash flow refers to the cash flow that is being generated by the business on…

Q: A company paid $11,310 in interest and $16,500 in dividends last year. The times interest earned…

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A: Answer and calculations are given below

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A: (EBITDA - interest -depreciation )*(1-tax) = net income  Let depreciation is x

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

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Q: For the past year, Kayla, Incorporated, has sales of $46,967, interest expense of $4,088, cost of…

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Q: Hailey, Inc., has sales of $24200, costs of $8800, depreciation expense of $2600, and interest…

A: Operating cash flow refers to the cash generated by the regular operating activities of a business…

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A: Return on assets (ROA) refers to the evaluation of the profitability of the assets of a company.