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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
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
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