Tree Frog Company is organized as a LLC and does not pay income taxes.The company has fixed interest expense of $5,750,Sales of $253,000 and variable expenses of $189,750.What is the company's times interest earned ratio?
A) 44
B) 33
C) 11
D) 10
E) $63,250
Correct Answer:
Verified
Q21: Accounts payable:
A) Are amounts owed to suppliers
Q31: Amounts received in advance from customers for
Q47: The times interest earned ratio reflects:
A) A
Q62: Uncertainties such as natural disasters:
A)Are not contingent
Q64: Unearned revenue is initially recognized with a:
A)Credit
Q67: On December 1,Martin Company signed a $5,000,3-month,6%
Q69: Most employees and employers are required to
Q73: A contingent liability:
A)Is always of a specific
Q74: Times interest earned is calculated by:
A)Multiplying interest
Q80: Gross pay is:
A) Take-home pay.
B) Total compensation
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