Muncie Manufacturing Beverage Production

2019 2018 2017 2019 2018 2017

Interest Cash Coverage 7.3 6.5 6.0 9.0 8.5 8.0

Interest Coverage (TIE) Ratio 6.5 5.8 4.1 8.5 7.9 7.4

Debt/Assets Ratio 0.6 0.5 0.4 0.5 0.4 0.3

Debt/Equity Ratio 1.3 1.1 1.0 0.8 0.7 0.4

Defined Benefit Plans:All of the following assumptions are used to determine future pension obligations of the company, except?

a.Interest rates

b.Employee turnover

c.Mortality rates

d.Other post-retirement benefits offered (life insurance, etc.)

e.Compensation

Defined Contribution Plans: All of the following are characteristics of this type of pension plan, except?

a.Shift the investment risk to the employer: employee bears no risk for future growth

b.Shift the investment risk to the employee: employer bears no risk for future growth

c.Define the contributions to be made by the company

d.A 401(k) plan is a very common type of defined contribution plan

e.Employer contribution is expensed as incurred