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Check my work 8 nce Prepaid expensers Accounts pay Long-term notes mortgages on plant assets 162,500162,500 162,500 Total 1iabilities and equity Cost of goods sold
Check my work 8 nce Prepaid expensers Accounts pay Long-term notes mortgages on plant assets 162,500162,500 162,500 Total 1iabilities and equity Cost of goods sold Incone taxes Check my wo Retained earnings Total liabilities and equity $481,326 $414,936 $339,000 The company's income statements for the years ended December 31, 2017 and 2016, follow Part 1 of 3 2017 $625,724 Sales Cost of goods sold Other operating expenses Inte Income taxes Total costs and expenses Net income $381,692 $320,953 714 points 10,637 11,357 7.407 $ 29,132 $ 1.79 31,287 Earnings per share Hint Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 by computing the following ratios. Ref Exercise 13-9 Part 1 (1) Debt and equity ratios. KPrev 8 9 10 of 14 Next > Check my 8 computing the tollowing ratios. Exercise 13-9 Part 1 Part 1 of 3 (1) Debt and equity ratios. 714 points Ch e Nu r: Ch Debt Ratio 2017: Hint 2016: Choose Denominator: Choose Equity ratio 2017: 2016 Next> Prev 8 9 10 of 14 Part 2 of 3 Calculate the company's long-term risk and capital structure positions at the end of 2017 and 2016 b computing the following ratios. 714 points Exercise 13-9 Part 2 (2) Debt-to-equity ratio Hint Print qu Choose Numerator: I Choose Denominator:Debt-T Debt es to 1 0 2017: 2016 Prev 9 10 of 14 Next> Exercise 13-9 Part 3 (3) Times interest earned. int rint Choose Numerator: Ch es Interest E 2017 times 2016: times K Prev 10 of 14 Next >
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