Question

At the zoo, the length of each iguana is measured. Which statement is best supported by the information below?

A. Over half of the iguanas measure 14 centimeters or more in length.

B. 25% of the iguanas measure 12 centimeters in length.

C. The number of iguanas that measure 15 centimeters or more is equal to the number that measure 11 centimeters or less.

Answer 1

The firm's fixed-charge coverage ratio is 7.89 times

Explanation:

Fixed charge coverage ratio : This ratio deals with fixed payments like: interest payments, lease payments which is before earning before income and taxes.

The formula to compute the fixed charge coverage ratio is shown below:

= (EBIT + Fixed charges) ÷ (Fixed charges + interest expense)

= ($400,000 + $50,000) ÷ ($50,000 + $7,000)

= $450,000 ÷ $57,000

= 7.89 times

The total of fixed charge include depreciation expense also. Thus it would not be taken into computation part.

Hence, the firm's fixed-charge coverage ratio is

Answer:

The firm's fixed-charge coverage ratio is 7.89 times

Explanation:

Fixed charge coverage ratio : This ratio deals with fixed payments like: interest payments, lease payments which is before earning before income and taxes.

The formula to compute the fixed charge coverage ratio is shown below:

= (EBIT + Fixed charges) ÷ (Fixed charges + interest expense)

= ($400,000 + $50,000) ÷ ($50,000 + $7,000)

= $450,000 ÷ $57,000

= 7.89 times

The total of fixed charge include depreciation expense also. Thus it would not be taken into computation part.

Hence, the firm's fixed-charge coverage ratio is 7.89 timesAnswer:

The firm's fixed-charge coverage ratio is 7.89 times

Explanation:

Fixed charge coverage ratio : This ratio deals with fixed payments like: interest payments, lease payments which is before earning before income and taxes.

The formula to compute the fixed charge coverage ratio is shown below:

= (EBIT + Fixed charges) ÷ (Fixed charges + interest expense)

= ($400,000 + $50,000) ÷ ($50,000 + $7,000)

= $450,000 ÷ $57,000

= 7.89 times

The total of fixed charge include depreciation expense also. Thus it would not be taken into computation part.

Hence, the firm's fixed-charge coverage ratio is 7.89 timesAnswer:

The firm's fixed-charge coverage ratio is 7.89 times

Explanation:

Fixed charge coverage ratio : This ratio deals with fixed payments like: interest payments, lease payments which is before earning before income and taxes.

The formula to compute the fixed charge coverage ratio is shown below:

= (EBIT + Fixed charges) ÷ (Fixed charges + interest expense)

= ($400,000 + $50,000) ÷ ($50,000 + $7,000)

= $450,000 ÷ $57,000

= 7.89 times

The total of fixed charge include depreciation expense also. Thus it would not be taken into computation part.

Hence, the firm's fixed-charge coverage ratio is 7.89 times

Answer 2

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