MEGAFRAME COMPUTER COMPANY Balance Sheet As of December 31, 2009 ASSETS Cash Accounts Receivable Inventory Net Plant and Equipment Total Assets $ 50.000 70,000 110.000 220.000 $450.000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Accrued Expenses $ 70.000 50,000 Long-Term Debt Common Stock Paid-In Capital Retained Earnings Total Liabilities and Stockholders Equity 130.000 70.000 40.000 90.000 $450,000 For the Year Ended December 31, 2009 Sales (all on credit) $ 875,000 Cost of Goods Sold 600.000 Gross Profit 275.000 Sales and Administrative Expense 30.000 Depreciation 55.000 Operating Profit 190.000 Interest Expense 25.000 Profit before Taxes 165.000 Taxes (30) 49.500 Net Income S 115.500 Refer to the figure above. Times interest earned for Megaframe Computer is 4.5x 9x O 11x 7.6x Se All Antena tasall answers