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13 please Use the following information for items 12 and 13: A company's net income after tax was $400,000 for its most recent year. The
13 please Use the following information for items 12 and 13: A company's net income after tax was $400,000 for its most recent year. The company's income statement included Income Tax Expense of $140,000 and Interest Expense of $60,000. At the beginning of the year the company's stockholders' equity was $1,900,000 and at the end of the year it was $2,100,000 12. What is the times interest eamed for the company? 6.7 9.0 10.0 13. What is the after-tax return on stockholder's equity for the year? 20% 25% 30% 14. The debt to equity ratio is computed as: (Total Liabilities. Total 1:1 15. Which of the following are likely to have the reported amounts on the balance sheet being close to their current value? Current Assets Longterm Assets Stockholders' Equity 16. A corporation's excellent reputation will be listed among the corporation's assets on its balance sheet. True False
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