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15) Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017: 15) Cash and Recelvables
15) Brink Moving Company reported the following amounts on its balance sheet as of December 31, 2016 and December 31, 2017: 15) Cash and Recelvables Merchandise Inventory Property, Plant and Equipment, net Total Assets Total Liabilities 2017 $75,000 215,000 750,000 $1,040,000 $495,000 2016 $145,000 170,000 800,000 $1,115,000 $435,000 For the vertical analysis, what is the percentage of current assets as of December 31, 20177 (Round your answer to two decimal places.) A) 39.38% B) 38.67% C) 28.25% D) 27.88% 16) Sheehan, Inc. provides the following income statement for 2017: 16) I $240,000 110,000 $130,000 Net Sales Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Revenues and (Expenses): Loss on Sale of Capital Assets Interest Expense Total Other Revenues and (Expenses) Income Before Income Taxes Income Tax Expense Net Income 45,000 12,000 57.000 $73,000 (27,000) (1,000) (28,000) $45.000 5,300 $39700 Calculate the times interest-earned ratio. (Round your answer to two decimal places.) A) 73.00 times B) 39.70 times C) 46.00 times D) 45.00 times
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