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  3. 1-a company reported the following income statemen

1-A company reported the following income statement information: Earnings before interest and taxes............... $500...

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Finance

1-A company reported the following income statement information:

Earnings before interest and taxes............... $500

Interest expense.......................................... $100

Taxes......................................................... $88

Based on this information, what is this companys tax rate? Your final answer must be in percent and entered without the percent sign.

2-During the most recent fiscal year a company had $130 in sales, $20 in costs of goods sold, $10 in other operating expenses, $20 in depreciation and amortization, $20 in interest expense, taxes of $20, and paid a dividend of $20. Based on this information, what was this companys times interest earned ratio?

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