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Hace 19 horas · Use the following information to answer questions 7 and 8: Amanda Co. at the end of 2020, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $3,000,000 Estimated litigation expense 4,000,000 Extra depreciation for taxes (6,000,000) Taxable income $ 1,000,000 The estimated litigation expense of ...
Hace 19 horas · Fixed charge coverage=income before fixed charges and taxes/fixed charges=$100,000. If the company's fixed charge coverage ratio is 4.5 times and income before fixed charges and taxes is $450,000, the company has a fixed charges balance of _____________.
