Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a firm has ebit of $1,000,000 and depreciation exp

A firm has EBIT of $1,000,000 and depreciation expense of $400,000. Fixed charges total $600,000....

80.2K

Verified Solution

Question

Accounting

A firm has EBIT of $1,000,000 and depreciation expense of $400,000. Fixed charges total $600,000. Interest expense totals $70,000. What is the firm's fixed-charge coverage ratio?

2.33 times

2.45 times

1.67 times

1.00 times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the pH for each case in the titration of 50.0 mL of 0.200 M HClO(aq)0.200...

Chemistry
Q

Ken played golf yesterday and shot 107. Considering that he normally shoots in the low 80’s...

Advance Math
Q

Pitino acquired 80 percent of Brey's outstanding shares on January 1, 2019, in exchange for $369,000...

Accounting
Q

The term central nervous system refers to thebrain and spinal cordsensory (afferent) nervessomatic nervesspinal nerves

Biology
Q

500 400 300 200 100 TU 15 20 25 2019 StrongMind Created using GeoGebra 1...

Basic Math
Q

11 What is the solution for2 cosx 3 0 for 0 x 2m

Algebra
Q

Exercise 2: What are the relevant costs of West Horizons continuing to make the decals?...

Accounting
Q

resign Layout References Mailings Review View Help Acrobat areful-files from the Internet can contain viruses....

Accounting
Q

QUESTION 2 Use the information provided below to answer the following questions: 2.1 Comment...

Accounting
Q

Need help with the last picture that is highlighted in blue!!! INCLUDE FUNCTIONS!!!! ...

Accounting
Q

D Question 2 Yesterday, you entered into a futures contract to sell SFr 120,000 at...

Finance
Q

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct...

Accounting