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I am sorry for adding multiple questions but all of them are related and chained up. fABC Company's balance sheet is as follows: Assets Cash
I am sorry for adding multiple questions but all of them are related and chained up.
\fABC Company's balance sheet is as follows: Assets Cash $6,000 Marketable securities 3,200 Accounts receivable 5,200 Inventory 14,400 Property and equipment 68,000 Accumulated depreciation (5%) Total assets $91,800 Liabilities 8: stockholders' equity Accounts payable $3,400 Notes payable (current) 1,400 Mortgage payable (long-term) 1,800 Bonds payable (long-term) 28,600 Common stock, $30 par 24,000 Paid-in capital in excess of par 11,600 Retained earnings ,M Total liabilities & stockholders' equity $91,800 The average number of common stock shares outstanding during the year was 840 shares. Net income for the year was $6,300. If you have insufficient data to use averages in ratio computations, use year-end balances in the calculations. ABC's debt to equity ratio is: \fThe following data were abstracted from the financial records of the Dixon Corporation for 2019: SalesW Interest expense 120,000 Income taxes 600,000 Net income 800,000 How many times was interest earned in 2019? Multiple Choice 0 15.33 times 14.40 times 0 O 12.67 times 0 15.45 timesStep by Step Solution
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