Refer to the following selected financial information from graphics, inc. compute the company's times interest earned. interest expense 9,100income tax expense 22,700net income after tax 56,500

9.70 times

Explanation:

The formula and the calculation of the times interest earned ratio is computed below:

Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)

where,  

Earnings before interest and taxes = Net income after tax + interest expense + income tax expense

=$56,500 + $9,100 + $22,700

= $88,300

And, the interest expense is $9,100

Now place these values in the formula above,

so the ratio would be equal to

= $88,300 ÷ $9,100

= 9.70 times

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know