ASSETS Cash Accounts receivable Inventory MARNI COMPANY Balance Sheet As of December 31 Net plant and equipment Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit Interest expense Dunfit haforn tavan 50,000 100,000 200,000 650,000 $1,000,000 $ $ 100,000 90,000 250,000 100,000 50,000 410,000 $1,000,000 $2,000,000 1,750,000 250,000 30,000 10,000 60,000 150,000 25,000 $ $ 125 000

MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash Accounts receivable Inventory Net plant and equipment Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Long-term debt Common stock Paid-in capital Retained earnings Total liabilities and stockholders' equity 50,000100,000200,000650,000$1,000,000 MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) $100,000 90,000 250,000 100,000 50,000 $1,000,000410,000 Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses Depreciation Operating profit Interest expense $2,000,000 1,750,000 $250,000 30,00010,00060,000$150,000 nunfit hnfom to..nn 25,000035nnn Refer to the tables above. Times interest earned for Marni Company is Multiple Choice 3x 5x 6x 80x