Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 8,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts

image text in transcribedimage text in transcribed

Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 8,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 5,000 Current liabilities 22,000 Inventory 45,000 Long-term debt 95,000 Current assets 60,000 Total liabilities 117,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 37,000 Net fixed assets 114,000 Equity 57,000 Total assets 174,000 Total liab. & equity 174,000 Line item Value Sales 82,000 |- Costs 67,240 - Depreciation 2,000 = EBIT 12,760 - Interest 800 = Taxable income 11,960 - Taxes 3,947 = Net income 8,013 Part 1 IB- Attempt 2/5 for 9.8 pts. What is the total debt ratio (including all liabilities)? 3+ decimals Submit Attempt 1/5 for 10 pts. Part 2 What is the times-interest-earned ratio? 1+ decimals Submit

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

Financial Theory Perspectives From China

Authors: Xingyun Peng

1st Edition

1938134311, 1938134338, 9781938134319, 9781938134333

More Books

Students also viewed these Finance questions

Question

107 MA ammeter 56 resistor ? V voltmeter

Answered: 1 week ago

Question

Generally If Drug A is an inducer of Drug B , Drug B levels will

Answered: 1 week ago