Part a

Part b and c

Part D

The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands. Required a. Calculate the EBIT for each company. b. Calculate each company's debt-to-assets ratio, current ratio, and the times-interest-earned ratio. c. Calculate each company's return-on-assets ratio using EBIT instead of net earnings. Calculate each company's return-on-equity ratio using net earnings. d. Meme-Me Corporation reported interest expense of $134 million, before taxes. What was its after-tax interest expense in dollars? (Hint You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) Complete this question by entering your answers in the tabs below. Req D Calculate the EBIT for each company. Complete this question by entering your answers in the tabs below. b. Calculate each company's debt-to-assets ratio, current ratio, and the times-interest-earned ratio. c. Calculate each company's return-on-assets ratio using EBIT instead of net earnings. Calculate each company's return-onequity ratio using net earnings. (Round the Current ratio to 2 decimal places and the Times-interest-erned ratio to the nearest whole number. Round all other answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Meme-Me Corporation reported interest expense of $114 million, before taxes. What was its after-tax interest expense in dollars? (Hint: You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) (Enter your answer in millions (e.g. $4,000,000 would be entered as $4 ). Round your intermediate calculations to 1 decimal place. Round your answer to 2 decimal places.)