Question
In: Finance
Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges...
Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?
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Solutions
jeff jeffy answered 2 years agoRelated Solutions
Han Corp's sales last year were $315,000, and its year-end receivables were $52,500. The firm sells...
Han Corp's sales last year were $315,000, and its year-end
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Base your answer on this equation: DSO – Allowed credit period =
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Assume all sales to be on credit. Do not round your...
ABANTI’s 2019 were $435,000, the operating costs were $362,500,and the interest charges were $12,500.Calculate...
ABANTI’s 2019 were $435,000, the operating costs were $362,500,
and the interest charges were $12,500.Calculate the times-interest-earned (TIE) ratio?
X-1 Corp's total assets at the end of last year were $405,000 and its EBIT was...
X-1 Corp's total assets at the end of last year were $405,000
and its EBIT was 52,500. What was its basic earning power (BEP)
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Last year a company had sales of $800,000, operating costs of 70%, and year-end assets of...
Last year a company had sales of $800,000, operating costs of
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rate and tax rate would both remain constant....
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of...
Last year Swensen Corp. had sales of $303,225, operating costs
of $267,500, and year-end assets of $195,000. The
debt-to-total-assets ratio was 25%, the interest rate on the debt
was 8.2%, and the firm's tax rate was 38%. The new CFO wants to see
how the ROE would have been affected if the firm had used a 35%
debt ratio. Assume that sales and total assets would not be
affected, and that the interest rate and tax rate would both remain...
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of...
Last year Swensen Corp. had sales of $303,225, operating costs
of $267,500, and year-end assets of $195,000. The
debt-to-total-assets ratio was 27%, the interest rate on the debt
was 8.2%, and the firm's tax rate was 25%. The new CFO wants to see
how the ROE would have been affected if the firm had used a 45%
debt ratio. Assume that sales and total assets would not be
affected, and that the interest rate and tax rate would both remain...
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of...
Last year Swensen Corp. had sales of $303,225, operating costs
of $267,500, and year-end assets of $163,000. The
debt-to-total-assets ratio was 27%, the interest rate on the debt
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debt ratio. Assume that sales and total assets would not be
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9. Last year Russell Corp. had sales of $303,225, operating costs of $267,500, and year-end assets...
9. Last year Russell Corp. had sales of $303,225, operating
costs of $267,500, and year-end assets of $195,000. The
debt-to-total-assets ratio was 27%, the interest rate on the debt
was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see
how the ROE would have been affected if the firm had used a 45%
debt ratio. Assume that sales and total assets would not be
affected, and that the interest rate and tax rate would both...
Last year Hamdi Corp. had sales of $500,000, operating costs of $450,000, and year-end assets (which...
Last year Hamdi Corp. had sales of $500,000, operating costs of
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In 2020, Garage Doors Inc. had sales of $350 million. Operating costs, depreciation and interest were...
In 2020, Garage Doors Inc. had sales of $350 million. Operating
costs, depreciation and interest were $230 million, $30 million and
$10 million respectively. It’s corporate tax rate is 40%. The
company reported $40 million in operating current assets and $14
million in operating current liabilities. It also reported net
property, plant and equipment of $70 million and Long Term Debt
$180 million.
For 2019, net operating working capital was $28 million, net
property, plant and equipment was $60 million...
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