The following data came from the financial statements of Sawyer Company: Total Assets$213,000? Total Liabilities 99,000? Total Stockholders' Equity 114,000? Income Tax Expense 4640? Interest Expense 580? Net Income 80,040? What is the Sawyer's times interest earned ratio?
A. 138
B. 147
C. 130
D. 137
Answer: B
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A 1959 Ferrari Testarossa would be a _______________ product.
Fill in the blank(s) with the appropriate word(s).
A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 85 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year?
A. 17.58% B. 15.00% C. 18.55% D. 16.13% E. 13.22%
Guiding an action plan for change is facilitated by ______.
A. hiring a consultant B. applying an organizational model C. participation by members D. applying a unique survey