Question
Given the following financial statement information for Cracker Barrel.Calculate the times interest earned ratio (TIE)for FY2019.(Enter percentages as decimals and round to 2 decimals) Income
Given the following financial statement information for Cracker Barrel.Calculate the times interest earned ratio (TIE)for FY2019.(Enter percentages as decimals and round to 2 decimals)
Income StatementFY2019FY2019Sales3,071,951,000Cash and Cash Equivalents36,884,000Cost of Revenue2,529,281,000Inventories154,958,000Selling, General, and Admin.152,826,000Accounts Receivables32,206,000Depreciation107,000,000Other Current Assets18,332,000EBIT282,844,000Total Current Assets242,380,000Interest16,488,000Net Property, Plant and Equipment1,338,845,000EBT266,356,000Total Assets1,581,225,000Taxes42,955,000Net Income223,401,000Accounts Payable202,561,000Addition to Retained Earnings17,245,000Provisions for Employee Entitlements92,806,000Dividends206,156,000Deferred Customer Advances81,734,000Other Current Liabilities15,373,000Shares Outstanding24,011,550Total Current Liabilities392,474,000Price per share105Long-term Debt584,041,000Total Liabilities976,515,000Common Stock49,973,000Accumulated Retained Earnings554,737,000Total Shareholder Equity
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