Last year Jimilea Company had a net income of $260,000, income tax expense of $58,000, and interest expense of $20,000. The company's times interest earned was closest to:
A) 14.0 times
B) 9.1 times
C) 16.9 times
D) 13.0 times
C
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Answer the following statements true (T) or false (F)
1. Role overload is a state of emotional, mental, and physical exhaustion, expressed as listlessness, indifference, or frustration. 2. Extra staff at peak periods is an example of buffers managers can use to prevent employee burnout. 3. Employee assistance programs focus on self-responsibility, nutritional and environmental awareness, relaxation techniques, and physical fitness. 4.
During the maturity stage, alternate uses of a product must be a main component in an
organizations messaging. Indicate whether the statement is true or false
When a firm decreases or cancels a cash discount, sales are expected to ________, the investment in accounts receivable is expected to ________, the bad debt expense is expected to ________, and the profit per unit is expected to ________
A) decrease; increase; increase; increase B) decrease; decrease; increase; increase C) increase; increase; decrease; decrease D) increase; decrease; decrease; decrease
Valdez Corporation has cash of $153,000; net Accounts Receivable of $93,000; short-term investments of $35,000 and prepaid expenses of $43,000. It also has $45,000 in current liabilities and $76,000 in long-term liabilities. What is the current ratio for Valdez Corporation?
A) 3.40 B) 7.20 C) 6.24 D) 2.68