Town Company reported the following on its income statement:Income before income taxes $750,000Income tax expense 150,000Net income $600,000An analysis of the income statement revealed that interest expense was $100,000. Town Company's times interest earned wasA. 7.5 times. B. 5 times. C. 6 times. D. 8.5 times.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Town Company reported the following on its income statement:Income before income taxes $750,000Income tax expense 150,000Net income ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Desert Apparel has 5,000 shares of common stock outstanding. On April 1, the company declares a $4 per share dividend to stockholders of record on April 15. The dividend is paid on April 30.
Answers (1)
Econo Nation started 2013 with no national budget debt or surplus. By the end of 2013, it had a budget surplus of $286 million; in 2014, it had a budget deficit of $425 million;
Answers (1)
What are three goods provided by the federal government?
Answers (1)
Advertisements for hygiene products such as toothpaste and mouthwash tend to feature doctors as spokespersons endorsing the products. Consumers perceive these doctors to possess a substantial knowledge on health and hygiene.
Answers (1)
Randy is the manager of a motel. As a condition of his employment, Randy is required to live in a room on the premises so that he would be there in case of emergencies.
Answers (1)
New Questions in Business
A piece of equipment costs $30,000, and is expected to generate $8,500 of annual cash revenues and $1,500 of annual cash expenses. The disposal value at the end of the estimated 10-year life is $3,000. Ignoring income taxes, the payback period is: A.
Answers (1)
Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500.
Answers (1)
Alex has a new idea for a way to cut costs in his department, but he is not willing to share his idea with his boss because the last department head that tried new cost cutting methods was recently fired because the new methods could not achieve
Answers (1)
According to herzberg, the difference between motivators and hygiene factors is: overall, motivators relate to greater job satisfaction, while hygiene factors make the work place a satisfying place to thrive.
Answers (1)
Which of the following changes can take place in the long run? A. labor force b. machinery c. Technology. D. All of these can be changed in the long run
Answers (1)