Business, 06.09.2020 01:01, destinyhammons12345

Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRROR AND GLASS COMPANY
Sales $ 266,000
Cost of goods sold 161,000
Gross profit $ 105,000
Selling and administrative expense 46,400
Lease expense 13,300
Operating profit* $ 45,300
Interest expense 7,300
Earnings before taxes $ 38,000
Taxes (30%) 15,200
Earnings after taxes $ 22,800
*Equals income before interest and taxes.
a. Compute the interest coverage ratio. (Round your answer to 2 decimal places.)
b. Compute the fixed charge coverage ratio. (Round your answer to 2 decimal places.)
The total assets for this company equal $172,000. Set up the equation for the Du Pont system of ratio analysis.
c. Compute the profit margin ratio. (Input your answer as a percent rounded to 2 decimal places.)
d. Compute the total asset turnover ratio. (Round your answer to 2 decimal places.)
e. Compute the return on assets (investment). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 06:40, SkyMelvin

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.

Answers: 3

continue

Business, 22.06.2019 10:00, kortlen4808

mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?

Answers: 2

continue

Business, 22.06.2019 14:50, keishadawson

The following information is needed to reconcile the cash balance for gourmet catering services. * a deposit of $5,600 is in transit. * outstanding checks total $1,000. * the book balance is $6,400 at february 28, 2019. * the bookkeeper recorded a $1,800 check as $17,200 in payment of the current month's rent. * the bank balance at february 28, 2019 was $17,410. * a deposit of $400 was credited by the bank for $4,000. * a customer's check for $3,300 was returned for nonsufficient funds. * the bank service charge is $90. what was the adjusted book balance?

Answers: 1

continue

Business, 22.06.2019 16:50, amayarayne5

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Answers: 1

continue

Do you know the correct answer?

Using the income statement for Times Mirror and Glass Co., compute the following ratios: TIMES MIRR...