Ruby Corp's sales last year were $435,500, its operating costs were $350,000, and its interest charges were $10,000. What was the firm's times interest earned (TIE) 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: X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its…

A: The basic earning power ratio is another profitability ratio (BEP). The goal of BEP is to assess how…

Q: Last year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of…

A: Formula: Return on assets (ROA) = Net income / Average assets Asset turnover ratio = Net sales /…

Q: Ever Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent…

A: Given, Sales =$900,000 COGS =65% of sales = $900,000*65% = $585,000 Selling and Administrative…

Q: Last year electric autos had sales of $190 million and assets at the start of the year of $330…

A: The computation of operating profit margin will be: Operating profit margin = Amount of return on…

Q: What is Chipotle’s TIE

A: TIE of a company means Times Interest Ratio or interest cover ratio of a company. It evaluates a…

Q: 19. Lina's Corp's sales last year were $652,500, its operating costs were $543,750, and its interest…

A: Times interest earned ratio is the amount that tells about the company's ability to pay its…

Q: Red Company has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40…

A: Interest expenses = $10,000 Sales = $1,000,000 Tax rate = 40% Net profit ratio = 6% Profit before…

Q: The Grey Corporation has $12 billion in assets, and its tax rate is 40%. The company’s basic…

A: Basic earning power(BEP)= Earnings Before Interest & Taxes(EBIT) / Total Assets 15%= EBIT /…

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

A: Profit margin on sales is ratio of net profit on sales that is as follows: As per formula Profit…

Q: A firm has total interest charges of $10,000 per year, sates of $1 million, a tax rate of 40…

A: Times interest earned ratio or interest coverage ratio shows ability of the company in paying it's…

Q: 6. Atlas Co sales last year were $4,350, its operating costs were $3,625, and its interest charges…

A: A ratio that provides information about the company regarding the capability of payoff its debt…

Q: Lawn Care, Inc., has sales of $367,400, costs of $183,600, depreciation of $48,600, interest of…

A: Return on equity measures the return generated by common or equity shareholders from their…

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: DTO, Inc., has sales of $32 million, total assets of $25 million, and total debt of $7 million.…

A: given, sales = $32 million total assets = $25 million total debt = $7 million.

Q: watson is a division of Bolin Products, Inc. During the most recent year, Watson had a net income of…

A: The funds invested in the firm by its owners, debt holders, and lenders during the course of its…

Q: Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent.  The…

A: Before we get into the question, let's understand the two ratios involved in the question:1. BEP =…

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: Byrgenwerth Corp has $55,000,000 of assets, and its tax rate is 28%. Its Basic Earning Power (BEP)…

A: A ratio that provides information about the company regarding the capability of payoff its debt…

Q: Lemon Auto Wholesalers had sales of $1,000,000 last year, and cost of goods sold represented 78…

A: The question is based on the concept of business transaction analysis.

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: If Baldwin Corporation has $2 million in inventory, $5 million in total current assets, and $1.5…

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

Q: NUBD had 5 degrees of operating leverage when its profit before taxes was P200,000. If the company's…

A: Given,  Degree of operating leverage = 5 Increase in sales = 15%

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: In the past year, TVG had revenues of $3.10 million, cost of goods sold of $2.60 million, and…

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

Q: A firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40…

A: Solution: The times interest earned ration is a measure to determine company's ability to meet its…

Q: BN had 5 degrees of operating leverage when its profit before taxes was P200,000. If the company’s…

A: Degree of operating leverage = % change in operating income% change in sales…

Q: Red Company has a profit margin of 15 percent on sales of $20,000,000. If the firm has a debt of…

A: Solution:- The return on Total Assets ratio measures how much net income the company earns on its…

Q: Nataro, Incorporated, has sales of $676,000, costs of $338,000, depreciation expense of $82,000,…

A: Here, To Find: Net Income =?

Q: Local Co. has sales of $10.9 million and cost of sales of $5.9 million. Its selling, general and…

A: Prepare the income statement by the given information as per the following matrix: The gross profit…

Q: Russell Securities has $100 million in total assets and its corporate tax rate is 40 percent. The…

A: Total assets =$100 million  BASIC EARNING POWER =15% Tax=40% RETURN ON ASSETS =9

Q: It was reported last week that Blue Bell Enterprises earned $18.5 million this year. The report also…

A: Growth rate = Retention ration * Retrun of equity

Q: Lawn Care, Incorporated, has sales of $367,400, costs of $183,600, depreciation of $48,600, interest…

A: Return on equity (ROE) is calculated as net income divided by equity

Q: Easter Egg and Poultry Company has $1,760,000 in assets and $608,000 of debt. It reports net income…

A: The profit margin on sales is the ratio of net income to sales. The profit margin on sales is…

Q: Griffin's Goat Farm, Inc., has sales of $665,000, costs of $327,000, depreciation expense of…

A: Net income: Net income of a firm is computed by subtracting the expenses from the net revenue or…

Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…

A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets

Q: Roberts Corp's sales last year were $300,000, and its net income after taxes was $25,000. What was…

A: A ratio that helps to evaluate how much portions of the sales revenue of a company turns in the…

Q: MAC Corp.'s sales last year were $435,000, its operating costs were $362,500, its operating income…

A: 1. Basic Details: Sales = $435000 Operating Costs = $362500 EBIT = $72500 Interest Charges = $12500…

Q: RJS generated $78,000 net income this year. The firm's financial statements also show that its…

A: Net income = $ 78,000 Interest expenses = $ 40,000 Tax rate = 35% NOPAT = Net income+[Interest…

Q: Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of…

A: Profit margin: This ratio indicates the percentage of sales which converted into profit. It is…

Q: Humphrey Hotels’ operating income (EBIT) is P40 million. The company’s times interest earned (TIE)…

A: In terms of accountancy, assets are the business items which provides benefit over a long period of…

Q: NUBD had 5 degrees of operating leverage when its profit before taxes was P200,000. If the company’s…

A: Solution: Profit before taxes will increase by = Increase in sales *  degrees of operating leverage…

Q: Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest…

A: Here, Sales is $509,600 Costs is $448,150 Depreciation Expense is $36,100 Interest Paid is $12,400…

Q: If for the most recent year, a firm's RNOA is 17.5%, its sales were $2,000,000, its asset turnover…

A: Return on Net Asset: It helps in comparing the company’s performance by comparing it with other…