A Company Has Long-Term Notes Payable of $175,625,taxes of $9,500,ending

question 179

Multiple Choice

A company has long-term notes payable of $175,625,taxes of $9,500,ending merchandise inventory of $450,290,interest expense of $14,050,net sales of $720,000 a gross profit ratio of 35%,a times interest earned ratio of 4.23,and total assets of $1,300,417.What is the company's earnings before interest and taxes?

• A)$252,000
• B)$65,814
• C)$269,710
• D)106,696
• E)$59,432

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Definitions:

Chalalán Ecolodge

An eco-tourism project located in the Madidi National Park in Bolivia, known for its community-based sustainable development and biodiversity conservation.

Commercial Venture

An enterprise undertaken with the aim of achieving financial profit, often involving the buying and selling of goods and services.

Ecotourism

A form of sustainable travel to natural areas that aims to conserve the environment, respect the local culture, and promote economic development for local communities.

Industrial Market Exchange

Industrial market exchange refers to the buying and selling activities and transactions between businesses, especially those involving raw materials, components, and goods used in the production of other products or services.