Two online travel companies, Company A and Company B, provide the following selected financial data: Company A $ 6,237,156 3,454,475 2,782,681 $ 3,055,426 86,233 158,400 Company B $ 1,886,224 478,610 1,407,614 $ 2,438,212 26,084 49,168 303,526 493,472 Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Calculate the times interest earned ratio for Company A and Company B. (Round ratios to 1 decimal place.) Times Interest Earned Ratio Numerator/Denominator Amounts

Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows:   Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,120,000   $1,160,000   $1,130,000   Operating expenses 603,400   486,800   854,000   Invested assets 4,100,000   3,400,000   2,300,000   The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: 1.  Prepare condensed divisional income statements for the three divisions, assuming that there were no support department allocations. E.F. Lynch Company Divisional Income Statements For the Year Ended June 30, 20Y8   MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $fill in…

Using the data below for the Ace Guitar Company:     A Region   B Region   Sales $521,500   $968,500   Cost of goods sold 198,200   368,000   Selling expenses 125,200   232,400   Service department expenses         Purchasing       $250,300 Payroll accounting       166,900   Allocate service department expenses proportional to the sales of each region. Determine the divisional income from operations for the A and B regions. For interim calculations, round percentages to one decimal place. A Region $ B Region $

Please see below. Use the accounts listed to create a multistep income statement.

Divisional Income Statements and Return on Investment Analysis E.F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended June 30, 20Y8, are as follows:   Mutual FundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee revenue $1,010,000   $1,060,000   $1,030,000   Operating expenses 492,000   390,400   727,600   Invested assets 3,700,000   3,100,000   2,100,000   The management of E.F. Lynch Company is evaluating each division as a basis for planning a future expansion of operations. Required: Question Content Area 1.  Prepare condensed divisional income statements for the three divisions, assuming that there were no service department cost allocations. E.F. Lynch CompanyDivisional Income StatementsFor the Year Ended June 30, 20Y8   MutualFundDivision ElectronicBrokerageDivision InvestmentBankingDivision Fee…

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