A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000, addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number of shares outstanding = 19,000. What is the firm's times interest earned ratio? 1.76 1.52 11.41 O 1.42

A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000, addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number of shares outstanding = 19,000. What is the firm's times interest earned ratio? 1.76 1.52 11.41 O 1.42

Name: A firm has the following accounts; sales = $1,190,000, cost of goods
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Description: A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000,addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number ofshares outstanding =

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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