Terry’s Pets paid $5,000 in interest and $2,000 in dividends last year. The cash coverage ratio...

Terry’s Pets paid $5,000 in interest and $2,000 in dividends last year. The cash coverage ratio is 2 and the depreciation expense is $1000. What is the “times interest earned” ratio? Please show your work and the formulas you used clearly.

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jeff jeffy answered 10 months ago

Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000...

Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is A) $60,000 B) $50,00 C) $55,000 D) $65,000 ------------------------------------------------------- A company with 81,210 authorized shares of $7 par common stock issued 47,603 shares at $12 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price...

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The common stock of NCP paid ?$1.31 in dividends last year. Dividends are expected to grow...

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The common stock of NCP paid $1.25 in dividends last year. Dividends are expected to grow...

The common stock of NCP paid $1.25 in dividends last year. Dividends are expected to grow at an annual rate of 9.10 percent for an indefinite number of years. a. If NCP's current market price is $27.95 per share, the stock's expected rate of return is____%. (Round to two decimal places.) b. If your required rate of return is 11.1 percent, the value of the stock would be $ _____. (Round to the nearest cent.) c. You should (buy or...

How is interest coverage ratio impacted if a company acquires inventory through cash payments?

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Sales=35,420; Cost of good sold=25,260; Depreciation expense=6,000; Interest expense=2,715;Dividends paid=2,000. At the beginning of the year, net fixed assets were 19,950, current assets were 7,065, and current liabilities were 3,938. At the end of the year, net fixed assets were 24,500, current assets were 8,690, and current liabilities were 4,680. The tax rate was 22 percent. 1. What was the operating cash flow? 2. What was the net capital spending? 3. What was the cash flow from assets? 4. If...

A. This year, Darrel’s distributive share from Alcove Partnership includes $5,000 of interest income, $2,000 of...

A. This year, Darrel’s distributive share from Alcove Partnership includes $5,000 of interest income, $2,000 of dividend income, and $70,000 ordinary business income. Assume that Darrel materially participates in the partnership. How much of his distributive share from Alcove Partnership is potentially subject to the net investment income tax? B. This year, Darrel’s distributive share from Alcove Partnership includes $5,000 of interest income, $2,000 of dividend income, and $70,000 ordinary business income. Assume that Darrel does not materially participate in...

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Compute and compare current cash debt coverage, current debt coverage ratio, and free cash flow for Pepsico and Dr. Pepper/ Snapple. Please use the links below for Pepsico and Dr. Pepper/Snapple's financial statements https://finance.yahoo.com/quote/PEP/financials?p=PEP https://finance.yahoo.com/quote/DPS/financials?p=DPS

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