Determining the times-interest-earned ratio
AEI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP) ratio is 8%, and its return on assets (ROA) is 5%. What is AEI's times-interest-earned (TIE) ratio? Round your answer to two decimal places.
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Vigo Vacations has an equity multiplier of 2.5. The company's assets are financed with some combination of long-term debt and common equity. What is the company's debt ratio?
What would happen if your financial projections were based on incorrect data? For example if your Booked AR is significantly higher this quarter than the actual AR and cash inflows, does your expense budgeting change?
Prepare journal entries to establish the fund on January 3, to replenish it on January 14 and January 31, and to reflect any increase or decrease in the fund balance on January 15 and 31.
What is Overnighte's competitive benefit in an industry dominated by companies such as Federal Express? Is it a wise decision to limit the company's area of operations to California? Why, or why not?
Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of December 31, 2011.
Fixed costs totaled $325,800, the unit selling price of the firm's only product was $60, and the variable costs per unit were 40% of the selling price. Based on this information, the firm's break-even point in units was:
A Chinese retailer offers to purchase running shoes for $55 per pair and tennis shoes for $55 per pair for distribution in China. Should the shoe company sell any shoes to the Chinese retailer?
S'No'Kones is located in the panhandle of Florida. Discuss circumstances that might cause the BEP and CVP assumptions to be inaccurate.
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