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Time-Interest-Earned Ratio Question?
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<blockquote data-quote="searchreadyseo@gmailecom" data-source="post: 2200365" data-attributes="member: 774950"><p>ABC Corporation’s income statement is given below.</p><p> </p><p>Sales…………………………………$260,000</p><p>Cost of Goods Sold………………….. 145,000</p><p>Gross Profit……………………………115,000</p><p>Fixed Charges (other than interest)…… 25,000</p><p>Income before interest and taxes………..90,000</p><p>Interest…………………………………..30,000</p><p>Income before taxes……………………. 60,000</p><p>Taxes (35%)…………………………….. 21,000</p><p>Income after taxes……………………….$39,000</p><p></p><p></p><p></p><p>1) What is ABC's Time-Interest-Earned Ratio? </p><p>2) What is the Fixed-Charge-Coverage Ratio? </p><p>3) What is the Net Profit Margin? </p><p>4) What is the Gross Profit Margin?</p></blockquote><p></p>
[QUOTE="searchreadyseo@gmailecom, post: 2200365, member: 774950"] ABC Corporation’s income statement is given below. Sales…………………………………$260,000 Cost of Goods Sold………………….. 145,000 Gross Profit……………………………115,000 Fixed Charges (other than interest)…… 25,000 Income before interest and taxes………..90,000 Interest…………………………………..30,000 Income before taxes……………………. 60,000 Taxes (35%)…………………………….. 21,000 Income after taxes……………………….$39,000 1) What is ABC's Time-Interest-Earned Ratio? 2) What is the Fixed-Charge-Coverage Ratio? 3) What is the Net Profit Margin? 4) What is the Gross Profit Margin? [/QUOTE]
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