Times interest earned ratio

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2. A
company’s fixed interest expense is $8,000, its income before interest
expense and income tax
is $32, 000. Its net income is
$9,600. The company’s time interest earned ration equals?

3. An
employee earned $4,300 working for an employer. The current rate for FICA
Social Security is
6.2% and the rate for FICA
Medicare 1.45%. The employer’s total FICA payroll tax for this
employee is?

4. A
company had net cash flows from operations of $120,000, cash flows from
financing of
$330,000, total cash flows if
$500,000 and average total assets of $2,500,000. The cash flow on
total assets ration equals?

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