The accounting records of Brigham Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records. Read the requirements Requirement 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet include headings and totals for current liabilities and long-term liabilities. Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current stets value from the information provided and your calculations. (Abbreviations used libliabilities. Nenotes payable and pay = payable Brigham Foods, Inc. Partial Balance Sheet December 31, 2018 Assets The accounting records of Brigham Foods, Inc, include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements Requirement 2. Answer the following questions about Brigham Food's financial position at December 31, 2018 a. What is the carrying amount of the bonds payable combine the current and long-term accounts)? $ b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Brigham Foods cover its interest expense during 2018? (Round your answer to two decimal places) Brigham covered its interest expense times Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the loverage ratio and debt ratio of the company Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding What other information would be helpful in making your evaluation? Begin by computing the leverage ratio Select the formula for the leverage ratio. Then complete the formula and calculate the leverage ratio (Round your answer to two decimal places.) = Leverage ratio Now, select the formula for the debt ratio Then complete the formula and calculate the debt ratio (Round your answer to two decimal places) Debtro Evaluate the health of the company from a leverage point of view What other information would be helpful in making your evaluation? (Round the ratio to two decimal places) times The company's debt ratio and leverage ratios are With this limited information the m anner the and operating income covers interest payments by nick fins a l a nit nf view Choose from any list or enter any number in the input hields and then continue to the next question The accounting records of Brigham Foods, Inc, include the following items at December 31, 2018 FER (Click the icon to view the accounting records ) Read the requirements = Leverage ratio = Now, select the formula for the debt ratio Then complete the formula and calculate the debt ratio (Round your answer to two decimal places Debt ratio Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places.) times The company's debt ratio and beverage ratios are With this limited information, the company appears to be and operating income covers interest payments by risk from a leverage point of view w ould also be helpful Requirement 5. Independent of your answer to 4) assume that Footnotes of the financial statements includes commitments for operating leases over the next 15 years in the amount of $3,400,000. If the company had to capitalize these leases in 2018, how would it change the leverage ralia and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Select the formula and compute the leverage ratio assuming that the company had to capitalize leases amounting to $3.400 000 (Round your answer to two decimal places Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to 53 400 000 (Round your answer to two decimal places) How would this change impact your assessment of the company's health from a leverage point of View? The leverage ratio and debt ratio would The company would from a laverage point of view. Choose from any list or enter any number in the input fields and then continue to the next question Leverage ratio mula Data Table of the Total assets $ 5,000,000 pro decir -btratil formal 97 000 460 000 375 000 168,000 Mortgage note payable, current portion Leases payable (long-term) Bonds payable long term Mortgage note payable long-term Bonds payable current portion Interest expense deper 000.14 comp and Accumulated depreciation equipment Discount on bonds payable (all long-term) Operating income Equipment Long-term investments market value) Interest payable 317.000 150 000 222.000 next 15 pact your 28.000 380.000 749.000 Jo decima 410,000 78,000 and d Print Done cimal pla hange impact your assessment of the company's health from a leverage point of view ? The accounting records of Brigham Foods, Inc. include the following items at December 31, 2018 BE! Click the icon to view the accounting records) Read the requirements Requirement 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities Select the labels and then enter the amounts to complete the classified balance sheet. You will need to determine the total current assets value from the information provided and your calculations (Abbreviations used: liab. - liabilities, NP = notes payable, and pay. - payable.) Brigham Foods, Inc. Partial Balance Sheet December 31, 2018 Assets Liabilities Less Choose from any list or enter any number in the input fields and then continue to the next question The accounting records of Brigham Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records) Read the requirements Requirement 2. Answer the following questions about Brigham Food's financial position at December 31, 2018 What is the carrying amount of the bonds payable (combine the current and long-term accounts)? b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Brigham Foods cover its interest expense during 2018? (Round your answer to two decimal places) Brigham covered its interest expense Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a lovetage point of view Choose from any list or enter any number in the input fields and then continue to the next question The accounting records of Brigham Foods, Inc. include the following items at December 31, 2018 (Click the icon to view the accounting records ) Read the requirements Requirement 3. How many times did Brigham Foods cover its interest expense during 2018? (Round your answer to two decimal places) Brigham covered its interest expense times Requirement 4. Assume that all of the existing liabilities are included in the information provided Calculate the leverage ratio and debt ratio of the company Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? Begin by computing the leverage ratio. Select the formula for the leverage ratio Then complete the formula and calculate the leverage ratio. (Round your answer to two decimal places) Leverage ratio Now, select the formula for the debt ratio Then complete the formula and calculate the debt ratio. (Round your answer to two decimal places) Evaluate the health of the company from a loverage point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places.) times The company's debt ratio and leverage and operating income covers interest ratios are payments by With this limited information, the company appears - to be risk from a leverage point of view Choose from any list or enter any number in the input fields and then continue to the next question The accounting records of Brigham Foods, Inc., include the following items at December 31, 2018 (Click the icon to view the accounting records.) Read the requirements Lurry worry pi wowo wo making your evaluation? (Round the ratio to two decimal places) and operating income covers interest payments by The company's debt ratio and leverage ratios are With this limited information, the company appears to be risk from a leverage point of view would also be helpful Requirement 5. Independent of your answer to (4). assume that Footnote 8 of the financial statements includes commitments for operating leases over the next 15 years in the amount of $3,400,000. If the company had to capitalize these leases in 2018. how would it change the leverage ratio and the debt ratio? How would this impact your assessment of the company's health from a leverage point of view? Select the formula and compute the leverage ratio assuming that the company had to capitalize leases amounting to $3,400.000. (Round your answer to two decimal places. Leverage ratio Select the formula and compute the debt ratio assuming that the company had to capitalize leases amounting to $3,400,000. (Round your answer to two decimal places) Debt ratio How would this change impact your assessment of the company's health from a leverage point of view? The leverage ratio and debt ratio would The company would from a leverage point of view Choose from any list or enter any number in the input fields and then continue to the next question the requirements w pony ing your evaluation? (Round the ratio to two decimal places) wwwurow Data Table $ 5,000,000 S 97.000 460 000 375,000 168,000 Mortgage note payable current portion Leases payable (long-term) Bonds payable long-term Mortgage note payable long-term Bonds payable, current portion Interest expense Total assets Accumulated depreciation, equipment Discount on bonds payable all long-term) Operating income Equipment Long-term investments (market value) Interest payable 317000 150,000 222.000 28.000 380.000 749.000 410,000 78,000 Print Done The leverage ratio and debt ratio would The company would 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. Answer the following questions about Brigham Food's financial position at December 31 2018: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. How many times did Brigham Foods cover its interest expense during 2018? 4. Assume that all of the existing liabilities are included in the information provided Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding What other information would be helpful in making your evaluation? Independent of your answer to (4), assume that Footnote 8 of the financial statements includes commitments for long-term operating leases over the next 15 years in the amount of $3,400,000. If the company had to capitalize these leases in 2018, how would it change the leverage ratio and the debt ratio ? How would this impact your assessment of the company's health from a leverage point of view? Print Done from a loverage Doin ol View