Question
Assets Amount (USD) Liabilities and Equity Amount (USD) Cash $260,000 Accounts Payable $100,000 Accounts Receivable $220,000 Notes Payable $140,000 Inventory $240,000 Long-term Debt $350,000 Property
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $260,000 | Accounts Payable | $100,000 |
Accounts Receivable | $220,000 | Notes Payable | $140,000 |
Inventory | $240,000 | Long-term Debt | $350,000 |
Property | $600,000 | Shareholders' Equity | $850,000 |
Calculate the debt-to-assets ratio for the company based on the provided balance sheet. ###questin_divider###
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $280,000 | Accounts Payable | $110,000 |
Accounts Receivable | $240,000 | Notes Payable | $160,000 |
Inventory | $260,000 | Long-term Debt | $400,000 |
Property | $650,000 | Shareholders' Equity | $900,000 |
Calculate the equity multiplier for the company based on the provided balance sheet. ###question_divider##
Assets | Amount (USD) | Liabilities and Equity | Amount (USD) |
Cash | $300,000 | Accounts Payable | $120,000 |
Accounts Receivable | $260,000 | Notes Payable | $180,000 |
Inventory | $280,000 | Long-term Debt | $450,000 |
Property | $700,000 | Shareholders' Equity | $950,000 |
Calculate the interest coverage ratio for the company based on the provided balance sheet and the EBIT of $200,000.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
