FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Please provide correct solutionarrow_forwardGiven the following truck freight rate tariff (in lbs/cwt from Toronto), what is the freight charge for a shipment weighing 1900 lb going to Chatham? Location Min Cambridge 50.00 Kitchener 55.00 85.00 75.00 90.00 38.00 100.00 40.00 125.00 50.00 Fort Erie London Chatham Windsor Sarnia $532.00 $454.86 $478.80 $505.40 LTL 20.00 22.00 34.00 28.00 +500 16.00 17.60 27.20 22.40 30.40 32.00 40.00 +1000 14.00 15.40 23.80 19.60 26.60 28.00 35.00 D A +2000 12.60 13.86 21.42 17.64 23.94 25.20 31.50 11 D +5000 11.09 12.20 18.85 15.52 21.07 22.18 27.72 B 43 +10,000 7.76 8.54 13.19 10.87 14.75 15.52 19.40 16arrow_forwardSales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225arrow_forward
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