Business
Business, 13.05.2020 00:57, ginadesor3461

Which of the following is True? a. If Harrison Bear has net income of $12,400, a tax rate of 20 percent, and interest expense of $1,600, then the times interest earned ratio for the year is 10.6875. b. Yellow Metal has net income of $62,300, a tax rate of 20 percent, and a net profit margin of 6.7 percent. Total assets are $1,100,500 and current assets are $382,800. Given the information above, $1.20 dollars of sales are being generated from every dollar of net fixed assets. c. The Yellow Gear has current liabilities of $28,000, sales of $156,900, and cost of goods sold of $64,200. The current ratio is 1.22 and the quick ratio is .71. Then, it takes 83.53 days on average to sell the inventory. d. An increase in net income and total equity must increase the return on equity, all else constant .

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Which of the following is True? a. If Harrison Bear has net income of $12,400, a tax rate of 20 perc...

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