Calculate the Times Interest Earned Ratio for Tierre's Ts, Inc

question 19

Multiple Choice

Calculate the times interest earned ratio for Tierre's Ts, Inc. using the following information. Sales = $200,000, cost of goods sold = $50,000, depreciation expense = $13,000, addition to retained earnings = $70,000, dividends per share = $0.50, tax rate = 30 percent, and number of shares of common stock outstanding = 1,000. Tierre's Ts has no preferred stock outstanding.

• A) 0.1814
• B) 0.4854
• C) 0.685
• D) 3.7756

Understand the impact of rain forests on global ecology.

Realize the role of atmospheric greenhouse gases on climate.

Identify and describe common landscape features in deserts.

Grasp the historical and predicted implications of climate change.

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Definitions:

The Point Method

A technique used in job evaluation that assesses jobs on the basis of a series of factors that are each given a point value.

Job Evaluation Method

A systematic process for determining the relative worth of jobs within an organization by analyzing their duties, responsibilities, and requirements.

Compensable Factors

Elements of a job that are used to determine appropriate compensation, such as skill level, effort, responsibility, and working conditions.

Skills

Abilities and expertise that individuals possess, which enable them to perform tasks effectively.