The extent to which the operating income can decline before a firm is unable to meet its annual interest costs can be found in:
A. ?the fixed charge coverage ratio.
B. ?the debt ratio.
C. ?the times-interest-earned ratio.
D. ?the return on equity.
E. ?the profit margin.
Answer: C
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Which of the following procedures is a typical substantive procedure related to the relevant assertion of completeness for debt obligations?
a. Recalculating accrued interest. b. Reviewing debt agreements for the restrictive covenants. c. Using analytical procedures to analyze interest expense. d. Confirming debt obligations with relevant outside parties.
Inventory turnover is a valuable tool for analyzing a railroad
Indicate whether the statement is true or false
Ravenshaw Corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw Corp. is most likely an example of a ________
A) geographic organization B) product organization C) functional organization D) niche marketer E) mass marketer
What is a substantive culture-changing action that a company's managers would refrain from undertaking to alter a problem culture?
A. Appointing outsiders with the desired cultural attributes to high-profile positions B. Designing compensation incentives that boost the pay of teams and individuals who display the desired cultural behaviors and hitting change-resisters in the pocketbook C. Promoting individuals who are known to possess the desired cultural traits, who have stepped forward to advocate for the shift to a different culture, and who can serve as role models for the desired cultural behavior D. Urging company personnel to search outside the company for work practices and operating approaches that may be an improvement over what the company is presently doing, and paying sizable bonuses to those employees who identify practices that the company ends up adopting E. Screening all candidates for new positions carefully, and hiring only those who appear to fit in with the new culture