A company with income before income taxes of $194,000, and $20,000 in interest expense, has an interest coverage ratio of
A) 10.7 times.
B) 8.7 times.
C) 9.7 times.
D) 1.1 times.
A
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Adopting a consumer-oriented marketing philosophy is most consistent with
A. quickly gaining highly profitable market returns. B. achieving long-term success in many areas, not just marketing. C. the revenue stabilizing effect of large market shares. D. focusing on the single most profitable consumer segment.
The Sarbanes-Oxley Act of 2002 requires management to acknowledge its responsibility for internal control
A) in the company's annual report. B) in a public statement posted on social media. C) in a posted notice at the front of company headquarters. D) in all of these.
Which of the following is not an inflow of cash?
a. Collection of a short-term receivable b. Sale of an operational asset c. Cash borrowed on a short-term note d. Depletion expense
When a limited partnership is formed
A) the partnership activities are limited B) all partners have limited liability C) some of the partners have limited liability D) none of the partners have limited liability