Question 6 2 Points A company issues a $200,000, 5%, six-year note on January 1,...
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Question 6 2 Points A company issues a $200,000, 5%, six-year note on January 1, 2021. If the monthly payment is $3,220.99, by how much will the carrying value decrease when the first month's payment is made on January 31, 2021? A $833.33 B $3,220.99 $2,387.66 D $4,054.32 Selected financial data for Channel Co. is provided below: ($ in millions) Sales $ 50,000 Interest expense 1,000 Tax expense 2,000 Net income 7,000 Total assets (beginning of year) 54,000 Total assets (end of year) 60,000 Total liabilities (end of year) 24,000 Total stockholders' equity (end of year) 36,000 What is the times interest earned ratio for Channel Co
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