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Hi all - looking for the with this question Do It! Review 10-04 Ivanhoe Company provides you with the following balance sheet information as of
Hi all - looking for the with this question
Do It! Review 10-04 Ivanhoe Company provides you with the following balance sheet information as of December 31, 2022. Current assets Long-term assets Total assets $12,420 28,620 $41,040 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity $12,960 15,120 12,960 $41,040 In addition, Ivanhoe reported net income for 2022 of $17,280, income tax expense of $3,456, and interest expense of $1,404. Compute the current ratio and working capital for Ivanhoe for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capital LINK TO TEXT Assume that at the end of 2022, Ivanhoe used $3,240 cash to pay off $3,240 of accounts payable. Compute the new ratios. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Current ratio Working capitals LINK TO TEXT Compute the debt to assets ratio and the times interest earned for Ivanhoe for 2022. (Round answers to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Debt to assets ratio Times interest earned ratio times Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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