Question 5 options:

Using the above information, calculate Owner's Equity.

[Do not include the $ symbol in your response, and you should round to the nearest whole dollar (i.e., if your answer is $7,654.32, then submit 7654).]

Question 6 (4 points)

Cost of Goods Sold $180,000Interest Expense $ 10,000Revenues $265,000Depreciation $ 25,000Tax Rate40%Net Fixed Assets $150,000Inventory $ 60,000Cash $ 15,000Accounts Receivable $ 25,000Notes Payable $ 50,000LT Bonds $120,000Accounts Payable $ 30,000

Question 6 options:

Using the above information, calculate the Times Interest Earned (TIE) ratio.

Based on your TIE Ratio result from the prior question, which of the following can you conclude?

Question 7 option

Based on your TIE Ratio result from the prior question, which of the following can you conclude?

Question 7 options:

The company does not have enough earnings to cover its interest expense.

The company has sufficient coverage of its interest expense.

The company's EBT is larger than its EBIT.

The company has double the amount of EBT as its interest expense.

Question 8 options:

Using the above information, calculate the Current Ratio.

Based on your result for the Current Ratio from the above question, which of the following can you conclude?

Question 9 options:

	The company has sufficient current assets to cover its upcoming current obligations.
	The company has more current assets than current liabilities.
	The company's current ratio is "red flag" that potentially indicates a financial weakness.
	Both a. and b. above