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Question
A company has long-term notes payable of $175,625, taxes of $9,500, ending merchandise inventory of $450,290, interest expense of $14,050, net sales of $720,000 a gross profit ratio of 35%, a times interest earned ratio of 4.23, and total assets of $1,300,417. What is the companys earnings before interest and taxes?
A. $252,000
B. $65,814
C. $269,710
D. 106,696
E. $59,432
Answer
This answer is hidden. It contains 42 characters.
Related questions
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C. It does not matter because both alternatives have the same result.
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Q:
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Periods
12 Percent 1
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1.6901 3
2.4018 4
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42
25 A. 15,000 croquet sets.
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E. A processing further decision cannot be made from the available data.
Q:
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Q:
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E. $5
Q:
Assume markup percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the markup per unit?
A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
D. Markup percentage per unit divided by total cost per unit.
E. Markup percentage divided by total cost.
Q:
Capital budgeting decisions are generally based on:
A. Tentative predictions of future outcomes.
B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.