Multiple Choice
Sharky's Loan Co. has an annual interest expense of $30,000. If Sharky's times-interest-earned ratio is 2.9, what is Sharky's Earnings Before Taxes (EBT) ?
A) $87,000
B) $57,000
C) $117,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q10: An example of an asset management efficiency
Q11: Differences in accounting practices limit the use
Q12: Common size financial statements represent all figures
Q13: Storm King Associates has a total asset
Q14: Industry averages indicate what is typical, but
Q16: Kingsbury Associates has current assets as follows:
Q17: If you were given the components of
Q18: On a common size income statement, EBIT
Q19: A firm's average collection period has decreased
Q20: Since 2015, ABC's efficiency at using its