Dr. Muparthi: We’ve covered the asset and liability portions of the cash flow equation, are there any questions before we continue?

Me: WHAT ABOUT EQUITY! *fist pump* For people who weren’t at the 2007 session of Summer Camp at Ockanickon

My Finance class doesn’t exactly consist of numerical geniuses, but I nonetheless assumed a certain degree of ability from the class and teacher.

Student: I didn’t get number three, they didn’t provide the interest to calculate the times interest earned ratio.

Dr. Muparthi: How are you supposed to calculate the times interest earned ratio without the interest?

Me: Well, the problem provides the EBIT from which you can calculate the interest by setting it as a variable and working backwards from shareholder dividends and the number of shares.

Dr. Muparthi: Not all of us have taken Calculus 3, Mr. Robinson.

Apparently Calculus 3 is Indian for 7th grade algebra.

Dr. Muparthi: We’ve covered the asset and liability portions of the cash flow equation, are there any questions before we continue?

Me: WHAT ABOUT EQUITY! *fist pump* For people who weren’t at the 2007 session of Summer Camp at Ockanickon

My Finance class doesn’t exactly consist of numerical geniuses, but I nonetheless assumed a certain degree of ability from the class and teacher.

Student: I didn’t get number three, they didn’t provide the interest to calculate the times interest earned ratio.

Dr. Muparthi: How are you supposed to calculate the times interest earned ratio without the interest?

Me: Well, the problem provides the EBIT from which you can calculate the interest by setting it as a variable and working backwards from shareholder dividends and the number of shares.

Dr. Muparthi: Not all of us have taken Calculus 3, Mr. Robinson.

Apparently Calculus 3 is Indian for 7th grade algebra.