Question
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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