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The following data (000s) has been extracted from the year-end reports for Cheyenne Corporation: 2023 2022 Interest expense $22 $20 Income tax 230 180 Net

The following data (000s) has been extracted from the year-end reports for Cheyenne Corporation:

2023

2022

Interest expense

$22

$20

Income tax

230

180

Net income

(a)

700

Current assets

3,358

(b)

Total Assets

(c)

3,240

Current Liabilities

(d)

1,260

Total Liabilities

2,190

(e)

Total Shareholders Equity

$1,650

$1,710

Current ratio

2.3:1

2.2:1

Debt to total assets

75.0%

58.0%

Times interest earned

32.50

times

(f)

Solve for the missing data. (Enter amounts in thousands except for times interest earned.)

(a)

Net income: (NI):

$enter a dollar amount in thousands

(b)

Current Assets (CA):

$enter a dollar amount in thousands

(c)

Total Assets (TA):

$enter a dollar amount in thousands

(d)

Current Liabilities (CL):

$enter a dollar amount in thousands

(e)

Total Liabilities (TL):

$enter a dollar amount in thousands

(f)

Times interest earned (TIE):

enter ratio in number of times

times

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