CrossSports had interest expense of $12,000 and its income before interest and income taxes was $28,000.Its times interest earned ratio
A) Is 2.3
B) Is 0.3
C) Is acceptable
D) Is both 2.3 and acceptable
E) Is both 0.3 and acceptable
Correct Answer:
Verified
Q187: Comparison standards for financial statement analysis include
A)Intracompany
B)Competition
C)Industry
D)Guidelines
E)All
Q188: The number of days' sales uncollected
A)Measures how
Q189: The merchandise turnover ratio
A)Is cost of goods
Q190: A cash purchase of merchandise inventory will
A)Decrease
Q191: If the times interest earned ratio
A)Increases,risk increases
B)Is
Q193: Tools using key relationships among financial statement
Q194: The gross margin ratio
A)Measures a merchandising firm's
Q195: Liquidity problems are likely to exist for
Q196: Internal users of financial information
A)Are not directly
Q197: The ability to provide financial rewards sufficient
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