Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the Actual Debt Service Margin Ratio for 2011 State to the second decimal place: 35.417 would be entered as 35.42 Don't round until the

Compute the Actual Debt Service Margin Ratio for 2011

State to the second decimal place: 35.417 would be entered as 35.42

Don't round until the end of the problem

Income Statement Actual
2009 2010 2011 2012 2013 2014
Net sales 20,457,500,000 22,651,073,578 24,626,909,085 27,077,735,407 31,157,829,110 35,270,662,552
Cost of goods sold 14,661,675,108 16,855,248,686 18,446,325,339 20,088,322,962 22,978,699,103 25,872,568,268
Gross margin 5,795,824,891 5,795,824,891 6,180,583,746 6,989,412,445 8,179,130,006 9,398,094,284
Selling, general and administrative 4,152,161,530 4,690,230,889 4,641,866,247 5,197,890,566 6,200,835,283 6,466,305,041
Depreciation and amortization 296,600,000 320,800,000 310,300,000 341,700,000 496,800,000 530,582,400
Total operating expenses 4,448,761,530 5,011,030,889 4,952,166,247 5,539,590,566 6,697,635,283 6,996,887,441
Operating profit 1,347,063,360 784,794,001 1,228,417,498 1,449,821,879 1,481,494,723 2,401,206,842
Interest expense, net 204,575,000 226,510,735 246,269,090 270,777,354 311,578,291 352,706,625
Other non-operating expenses (gains) before taxes 82,418,552 (7,227,150) 7,824,147 15,903,070 (98,872,581) 411,782,993
Earnings before income tax provision 1,060,069,808 565,510,416 974,324,261 1,163,141,455 1,268,789,013 1,636,717,224
Income tax provision 300,328,924 144,699,514 244,524,908 300,234,685 333,065,254 436,113,803
Net earnings 759,740,883 420,810,902 729,799,352 862,906,770 935,723,758 1,200,603,421

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Blockchain Techonology In Accounting And Auditing

Authors: Prof Oleksandr Melnychenko

1st Edition

1976900328, 978-1976900327

More Books

Students also viewed these Accounting questions