1)

Armageddon Research Income Statement ($ millions)

	2020
Revenues	165929
Cost of Goods Sold	49778.7
Depreciation	14933.61
Earning Before Interest and Taxes	101216.69
Interest Expense	13274.32
Taxable Income	87942.37
Taxes (20%)	17588.474
Net Income	70353.896
Dividends	35508.806
Addition to Retained Earnings	34845.09

Armageddon Research Balance Sheet ($ millions)

	2019	2020		2019	2020
Cash	6120	5569.2	Accounts Payable	21297.5	23164.894
Accounts Receivable	24995	27494.5	Notes Payable	25557	27797.8728
Inventory	43974	40016.34	Total	46854.5	50962.7668
Total	75089	73080.04	Long Term Debt	106487.5	115824.47
Net Fixed Assets	137886	158568.9	Common Stock	23427.25	25481.3834
			Retained Earnings	36205.75	39380.3198
Total Assets	212975	231648.94	Total	212975	231648.94

1a) In the year 2020, what is Armageddon Research's Current Ratio (Round your answer to 2 decimals)?

Select one:

a. -1.01

b. 3.37

c. None of the above

d. 1.43

e. 3.00

1b) Using the provided financial statements, solve for the Operating Cash Flow (OCF) during the year 2020 (Round your answer to the nearest dollar figure)?

Select one:

a. 90507.83

b. 96635.83

c. 98561.83

d. 102574.83

e. 102294.83

1c) Using the provided financial statements, solve for the Cash flow to Debtholders in 2020 (round to the nearest dollar)?

Select one:

a. 7204.35

b. -106.65

c. 8401.35

d. -180.65

e. 3937.35

1d) Using the provided financial statements, solve for the Times Interest Earned Ratio (TIE Ratio) in the year 2020 (Round your answer to 2 decimals)?

Select one:

a. 6.22

b. 6.22

c. 7.62

d. 8.82

e. 9.93