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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The process of confirming the accuracy, truthfulness, or effectiveness of something through evidence or logical reasoning.

Descriptive

Relating to the detailed description of characteristics, actions, or events.

Conjunctive

describes tasks or conditions that require all parts or elements to be completed or met for successful execution.

Inappropriate

Unsuitable or not fitting within accepted norms or standards.