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Since the cost of goods sold is the cumulative cost for all 365 days during the year, it is important to relate it to the average inventory cost throughout the year. Times interest earned, which is also known as the interest coverage ratio, is an indicator of a corporation’s ability to pay the interest on

However, you have option to use our tools and your own tools as well. Regular updates on your business’s financial status can help prevent issues and ensure financial health. All communication and document exchange should be done through Contra for safety and convenience. GigSmart has temporary accounting experts available near you. Save time and money