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Hi, I need Accounting help please Rio Imports Information from the financial statements are provided below: 2015 2014 $460,000 $320,000 240,000 640,000 840,000 1,080,000 160,000
Hi, I need Accounting help please
Rio Imports Information from the financial statements are provided below: 2015 2014 $460,000 $320,000 240,000 640,000 840,000 1,080,000 160,000 102,000 Current Liabilities Long-Term Liabilities Stockholders' Equity Net Cash Flows from Operating Activities Interest and Principal Payments Net Sales Net Income Interest Expense Income Taxes Dividends Paid to Commorn Stockholders 24,000 16,000 950,000 900,000 180,000 144,000 17,000 23,000 32,000 29,000 30,000 60,000 a. Indicates that the company cannot meet its current year interest payments out of current year earnings b. Increased, which indicates that the company's creditors will be pleased. c. Decreased, which indicates that the company has less cash to pay interest on its debt. d. Indicates a decline in the company's ability to pay its liabilities when they come due
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