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thank you Fast Shipping provides a broad range of transportation, e-commerce and business services. The following data were taken from the company's 2019 annual report.
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Fast Shipping provides a broad range of transportation, e-commerce and business services. The following data were taken from the company's 2019 annual report. All dollar amounts are in millions Account Title Current assets Total assets Current liabilities Total liabilities Interest expense Income tax expense (benefit) Net Income Fiscal Years Ending December 31, 2019 December 31, 2018 $13,163 $13,896 54,392 52,50 9,511 9,548 36,945 32.175 599 558 122 (277) 545 4,448 5 Required a. Calculate the EBIT for each year. b. Calculate the times interest-earned ratio for each year, c. Calculate the current ratio and debt-to-assets ratio for each year. Complete this question by entering your answers in the tabs below. RAGA Red Band Calculate the EBIT for each year 2019 2018 EBIT a Hoga Reg Band C > Fast Shipping provides a broad range of transportation, e-commerce and business services. The following data were taken from the company's 2019 annual report. All dollar amounts are in millions Account Title Current assets Total assets Current liabilities Total liabilities Interest expense Income tax expense (benefit) Net income Fiscal Years Ending December 31, 2019 December 31, 2016 $13,163 $13,896 54,392 52,888 9,511 9,548 36,945 32,175 539 S58 122 (277) 545 4.448 Required a. Calculate the EBIT for each year. b. Calculate the times interest-earned ratio for each year, c. Calculate the current ratio and debt-to-assets ratio for each year Complete this question by entering your answers in the tabs below. Red A Reg B and C b. Calculate the times-interest-earned ratio for each year. c. Calculate the current ratio and debt-to-assets ratio for each year. (Round "Times-interest-earned ratio and "Current ratio answers to 2 decimal places. Round "debt-to-assets ratio answers to the nearest whole percentage.) Show less 2018 b. Times-interest-earned ratio c. Current ratio Debt-to-assets ratio 2019 timos to 1.00 % times to 1.00 % Step by Step Solution
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