Question
Ratios Analyzing Long-Term Firm Solvency The following information is available for Antler Company: Annual Data 2016 2015 Interest expense $90,000 $82,000 Income tax expense 203,500
Ratios Analyzing Long-Term Firm Solvency The following information is available for Antler Company:
| Annual Data | 2016 | 2015 |
|---|---|---|
| Interest expense | $90,000 | $82,000 |
| Income tax expense | 203,500 | 185,000 |
| Net income | 496,500 | 400,000 |
| Capital expenditures | 320,000 | 380,000 |
| Cash provided by operating activities | 425,000 | 390,000 |
| Year-End Data | Dec. 31, 2016 | Dec. 31, 2015 |
|---|---|---|
| Total liabilities | $2,400,000 | $1,900,000 |
| Total stockholders equity | 4,000,000 | 3,800,000 |
Calculate the following: (Round to two decimal points.) a. 2016 debt-to-equity ratio.
b. 2016 times-interest-earned ratio. c. 2016 operating-cash-flow-to-capital-expenditures ratio.
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Conservation Easement Audit Techniques Guide
Authors: U.S. Internal Revenue Service
1st Edition
0359516998, 978-0359516995
