Floral Depot's income before interest expense and income taxes was $5,900 million, and interest expense was $38 million. Calculate Floral Depot's times interest earned.

What will be an ideal response?


155.3
Times Interest Earned Ratio = Income before Interest Expense and Income Taxes/Interest Expense
Times Interest Earned Ratio = $5,900 million/$38 million = 155.3

Business

You might also like to view...

The U.N. Convention on the International Sale of Goods has decided that a writing is:

A. not required for the enforcement of oral international contracts. B. always required. C. for contracts of specially-manufactured goods. D. required for contracts over $1,000.

Business

Which of the following are required to swear that financial reports are accurate and complete?

A) Accountants B) Managers C) Chief executives D) Board of directors

Business

On June 1, Delaware Co. had one unit in beginning inventory that cost $10.00. During June, Delaware paid cash to purchase two additional inventory items. Delaware purchased the first item for cash at a cost of $10.00, and the second at a cost of $12.00. Delaware Co. sold two inventory items for $24.00 each, receiving cash. Based on this information alone, indicate whether each of the following items is true or false. ________ a) The amount of ending inventory will be $10 assuming the LIFO cost flow method was used. ________ b) Cost of goods sold would be $24 assuming the weighted-average cost flow method was used. ________ c) Cash flow from operating activities in June would be $28 assuming a FIFO cost flow method was used. ________ d) Cash flow from operating activities in June would

be $26 independent of what cost flow method was used. ________ e) The amount of gross margin would be $26 assuming the FIFO cost flow method was used. What will be an ideal response?

Business

Josh is a technological expert whose work with advanced broadband systems has made him one of the most high-profile figures at Takemodo Telecommunications, one of the world's leading technology companies. With his picture on the cover of magazines and his name popping up in blogs all over the Internet, Josh has a high degree of ________, which gives him influence over others.

A. substitutability B. centrality C. charisma D. discretion E. visibility

Business