Sales are 15 million cost of goods sold is 600000, Ask an Expert

Accounting

Sales are $1.5 million, cost of goods sold is $600,000, depreciation expense is $150,000, other operating expenses is $300,000, addition to retained earnings is $146,250, dividends per share is $1, tax rate is 30 percent, and number of shares of common stock outstanding is 90,000. LaTonya’s Flop Shops has no preferred stock outstanding.

Use the above information to calculate the times interest earned ratio for LaTonya’s Flop Shops, Inc.,

Interest earned times.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92046615

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