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plz solve this The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($
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The following statement of financial position and statement of comprehensive income should be used. Woodburn, Inc. 2018 Statement of comprehensive income ($ in thousands) INet Sales $6,380 Less: Cost of Goods Sold 4,120 Less: Depreciation 360 Earnings Before Interest and 1,900 Taxes Less: Interest Paid 45 Taxable income 1,855 Less: Taxes 650 Net Income 1,205 Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018 $230 $340 Accounts payable 910 950 Long-term debt Cash Accounts rec. 2017 $850 1.650 2018 1,020 1.400 Cash Woodburn, Inc. Statement of financial position Years ended 2017 and 2018 ($ in thousands) 2017 2018. $230 $340 Accounts payable 9101 950 Long-term debt 1,490 1,460 Common stock 2,630 $2,750 Retained earnings 3,190 3,220 $5,820 $5,970 Total liabilities & equity Accounts rec. Inventory Total Net fixed assets Total assets 2017 $850 1,650 2,500 820 2018 1,020 1,400 2,200 1,350 $5,820 $5,970 What is Woodburn's total debt ratio for 2018? 23.45 % 40.54% 43.09 % 35.42 % 29.01 %Step by Step Solution
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