Tree Frog Company Is Organized as a LLC and Does

question 169

Multiple Choice

Tree Frog Company is organized as a LLC and does not pay income taxes.The company has fixed interest expense of $5,750,sales of $253,000,and variable expenses of $189,750.What is the company's times interest earned ratio?

• A)44
• B)33
• C)11
• D)10
• E)$63,250

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Definitions:

Family Car

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Common Stock

Refers to a type of ownership in a corporation that entitles shareholders to share in the company's profits through dividends and/or capital appreciation.

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Includes cameras, lenses, tripods, lighting, and other accessories used for capturing photos.

Stockholders' Equity

The residual interest in the assets of a corporation after all liabilities have been deducted, often referred to as shareholder's equity or owners' equity.