Question
Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246 Inventory 13,760 Depreciation 903 PP&E 18,060 EBIT 2,451
| Balance Sheet (Millions) |
|
| Income Statement (Millions) |
|
| Assets |
|
|
|
|
| Cash | 1,290 |
| Net Sales | 51,600 |
| Receivables | 9,890 |
| Operating Costs | 48,246 |
| Inventory | 13,760 |
| Depreciation | 903 |
| PP&E | 18,060 |
| EBIT | 2,451 |
| Total Assets | 43,000 |
| Interest | 927 |
|
|
|
| EBT | 1,524 |
| Liabilities and OE |
|
| Taxes | 534 |
| Accounts Payable | 8,170 |
| Net Income | 990 |
| Notes Payable | 6,677 |
|
|
|
| Wages Payable | 4,073 |
| Other Data |
|
| Long Term Bonds | 8,815 |
| Shares Outstanding (millions) | 750 |
| Total Equity | 15,265 |
| Dividends (millions) | $346.67
|
| Calculate the TIE ratio. Show work for credit. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
