Finance Chp 3 Quiz 1

Finance Chp 3 Quiz 1 - Question 1 1. The Bike Shop paid...

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Question 1 1. The Bike Shop paid $2,310 in interest and $1,850 in dividends last year. The times interest earned ratio is 2.2 and the depreciation expense is $460. What is the value of the cash coverage ratio? Answer 1.67 1.80 2.21 2.40 2.52 0.1 points Question 2 1. On the Statement of Cash Flows, which of the following are considered financing activities? I. increase in long-term debt II. decrease in accounts payable III. interest paid IV. dividends paid Answer I and IV only III and IV only II and III only I, III, and IV only I, II, III, and IV 0.1 points Question 3 1. The Dockside Inn has net income for the most recent year of $8,450. The tax rate was 38 percent. The firm paid $1,300 in total interest expense and deducted $1,900 in depreciation expense. What was the cash coverage ratio for the year? Answer 10.48 times 11.48 times 12.39 times 12.95 times 13.07 times
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0.1 points Question 4 1. High Mountain Foods has an equity multiplier of 1.55, a total asset turnover of 1.3, and a
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This note was uploaded on 07/31/2011 for the course FIN 550 taught by Professor Rajneeshsharma during the Summer '11 term at Saint Joseph's University.

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Finance Chp 3 Quiz 1 - Question 1 1. The Bike Shop paid...

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