The following financial information was obtained from the year ended 2016 income statements for Cash Automotive and Bale Automotive: Cash Bale
Net income $37,085 68,930
Income tax expense 9,360 25,310
Interest expense 350 3,100
Requirements:
1. Compute the times-interest-earned ratio for each company.
2. Which company was better able to cover its interest expense?

Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit