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Q2: Assets Current assets: Cash Accounts receivable, net Inventories Total current assets Property, plant, and equipment, net Intangibles Total assets Liabilities and stockholders' equity Current

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Q2: Assets Current assets: Cash Accounts receivable, net Inventories Total current assets Property, plant, and equipment, net Intangibles Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Income taxes Total current liabilities Long-term debt Stockholders' equity Total liabilities and stockholders' equity $ 27.000 135,000 128,000 290,000 250,000 20,000 S560,000 $ 75,000 13.000 88,000 170,000 302.000 S560.000 Net sales Cost of goods sold Gross margin Selling and administrative expense Interest expense Earnings from continuing operations before income taxes Income taxes Earnings from continuing operations $920,000 640,000 280,000 156,000 17.000 S107.000 36,300 70,700 Compute the following ratios Supposing that the operating lease payment was 30,000 : 1. Times interest earned 2. Fixed charge coverage 3. Debt ratio 4. Debt/equity ratio 5. Debt to tangible net worth

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