The following selected information (in thousands) is available for Osborne Inc.: a. Calculate the following solvency ratios

Question:

The following selected information (in thousands) is available for Osborne Inc.:

a. Calculate the following solvency ratios of Osborne Inc. for 2024 and 2023.

1. Debt to total assets

2. Free cash flow

3. Interest coverage

b. Indicate whether each of the solvency ratios calculated in part (a) is better or worse in 2024.

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Accounting Principles Volume 2

ISBN: 9781119786634

9th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Jan 30, 2023 05:31 AM

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The following selected information (in thousands) is available for Osborne Inc.: a. Calculate the following solvency ratios

Question:

Total assets Total liabilities Interest expense Income tax expense Profit for the year Cash provided by operating activities Cash used by investing activities 2024 $3,886 2,177 27 174 406 925 475 2023 $3,708 1,959 17 152 375 580 300

Step by Step Answer:

All figures in thousands except ratios a b Debt to total assets Worse Free ...View the full answer

Accounting Principles Volume 2

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