A company had interest expense of $7800, income before interest expense and income taxes of $19,200, and net income of $9600. The company's times interest earned ratio equals:
A. 0.81.
B. 1.23.
C. 2.46.
D. 2.00.
E. 0.41.
Answer: C
You might also like to view...
Which component within the Burke-Litwin model is defined as executive behavior that provides direction and encourages others to take needed action?
a. External enviornment b. Leadership c. Management practices d. Task requirements and individual skills/abilities
In the context of the types of appraisals, the paired-comparison approach
A. combines assessments from several sources, including customers or peers. B. rates the degree to which an employee has achieved various characteristics. C. can be tailored to an organization's objectives for employees. D. can be used to identify the best candidate for a special assignment.
Many international marketing companies address the Internet language problem by:
A. using only English on their Web sites. B. using language translation software whenever possible. C. having country-specific Web sites. D. using foreign language blocking software to screen international communications. E. using America OnLine global Internet portal services.
Zainab wants to sell her house to Tiffany for $300,000. Tiffany responds stating that she will be glad to buy the house at $300,000 and asks if the price includes the furniture. Zainab says that the furniture is not included. Tiffany agrees to pay $300,000, but Zainab demands $350,000, stating that Tiffany's counteroffer terminates the earlier offer. Discuss the case.
What will be an ideal response?