Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. melon, inc. provides the following income statemen

Melon, Inc. provides the following income statement for 20X9: $240,000 110,000 $130.000 Net Sales Cost...

80.2K

Verified Solution

Question

Accounting

image
Melon, Inc. provides the following income statement for 20X9: $240,000 110,000 $130.000 Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Income and (Expenses) Income Before Income Taxes Income Tax Expense Net Income 45,000 12.000 57.000 $73.000 (30,000) (1000) (31.000 $42.000 5500 $36,500 Calculate the times-interest-earned ratio. 73.00 times 43.00 times 42.00 times 36.50 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

Finance
1.2K views

How does disbursement policy relate to shareholder value?

Basic Math
1.2K views

A boat leaves the harbor entrance and travels 27 miles in the direction ??? ° ?....

Basic Math
1.2K views

use any data and answers those questions There are several stores that or businesses that set...

Basic Math
1.2K views

The joint density function for random variables X, Y, and Z is f(x, y, z)= Cxyz  if 0 ≤ x...

Advance Math
1.2K views

find all solutions of the congruence x^2=60(mod77)

Biology
1.2K views

How would you determine whether a colorless colony on MacConkey agar is Salmonella or Shigella? Why...

Biology
1.2K views

SAQ 4: Tissues 1          Explain the relationship between cells and tissues. 2          What is the definition of a meristem?...

Biology
1.2K views

savings account is used to save money for use at a later date The account...

Biology
1.2K views

Question 8 This diagram shows an reaction Free energy time products reactants

Statistics
1.2K views

ability And Question 22 of 22 A frequency distribution is shown below Complete The number...

Accounting
1.2K views

Indigo Co. reported $180,000 of net income for 2017. The accountant, in preparing the statement...

Accounting
1.2K views

Lynch Company manufactures and sells a single product: The following costs were incurred during the...