Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company makes a profit of 5,000 before tax and a

A company makes a profit of 5,000 before tax and after all interest totalling 1,200...

50.1K

Verified Solution

Question

Accounting

A company makes a profit of 5,000 before tax and after all interest totalling 1,200 has been charged. The capital of the company is made up of 35,000 ordinary shares, 35,000 preference shares, 25,000 debentures and 30,000 reserves. The interest cover for the company is:

5.17%

4.17%

4.17 times

5.17 times

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

For the data set 1 2 3 4 7 7 7 8 11 12 12 15 15 16 17 17 17 18 20 20 22 24 24 25 26 26 26 26 27 30 32 32 33 34 34 36 38 39 43 44 45 46 47 47 48 51 52 52 53 54 54 54 55 56 58 58 59 61 63 65 65 67 69 70 73 75 75 76 77 77 79 80 81 82 82 (a) Find the 79th percentile. (b) Find the 44th percentile. (c)Find 19th percentile. (d) Find...

Basic Math
1.2K views

The article "College Graduates Break Even by Age 33" reported that 5.7% of high school graduates...

Biology
1.2K views

Density is the number of individuals present in a certain area. Imagine that the population...

Biology
1.2K views

The diagram below shows the five main transport proteins that control the distribution of Na...

Physics
1.2K views

A 3 kilogram mass hangs from a spring with a constant of 4 newtons per...

Accounting
1.2K views

QUESTION 2 (20 Marks) REQUIRED Use the information provided below to answer the following questions....

Accounting
1.2K views

Wildhorse Manufacturing is considering the purchase of new computerized equipment. The machine costs $85000 and...

Accounting
1.2K views

A company has a current ratio of 2.0. Cash is 20%, accounts receivable is 40%,...

Accounting
1.2K views

Computing Ending Inventory using Dollar-Value LIFO On January 1 of Year 5,...

Accounting
1.2K views

Contribution Margin Ratio a. Matzinger Company budgets sales of $10,400,000, fixed costs of $1,100,000, and...

Accounting
1.2K views

Dabur Limited expected the following future cash flows from the use of equipment: End of...

Accounting
1.2K views

UE O CAIE weyuncu RUFTIFOLIVI The following information applies to the questions displayed below) Betty...