Rosita's Resources Paid $250 in Interest and $130 in Dividends

question 333

Multiple Choice

Rosita's Resources paid $250 in interest and $130 in dividends last year. The times interest earned ratio is 3.8 and the depreciation expense is $60. What is the value of the cash coverage ratio?

• A) 2.40
• B) 3.52
• C) 3.80
• D) 4.04
• E) 4.28

Understand the implications of international intellectual property law, including treaties and agreements.

Understand the difference between classical criminology and biological determinism in crime perspectives.

Identify and explain the role of moral entrepreneurs in society.

Analyze the function of criminal law in protecting the interests of the affluent and powerful through conflict theory.

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Definitions:

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the market.

Issue Price Over Par

Occurs when a security, typically a bond, is sold at a price higher than its face value.

Preferred Stock

A class of shares which typically provides a fixed dividend and has priority over common stock in the distribution of assets during liquidation.

Shares

Shares representing ownership rights in a corporation or financial asset, guaranteeing a fair share of profits through dividends, if declared.