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ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $915,000 Total Liabilities 665,000 535,000 Cash 39,000 46,000

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ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $901,000 $915,000 Total Liabilities 665,000 535,000 Cash 39,000 46,000 Interest-bearing Debt 561,000 393,000 Net Income 127,000 123,000 Interest Expense 9,700 8,600 Tax Expense 19,500 19,600 Depreciation Expense 43,500 44,000

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