The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All...

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The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands Account Title Current assets Meme-Me Corporation Sozhal Incorporated $50,816 $135,721 Total assets 233,777 97,590 Current liabilities 34,625 7,098 Total liabilities 55,550 13,660 Stockholders' equity 178,227 84,995 Interest expense 132 11 Income tax expense 4,186 31,672 3,274 22,689 Net income Required a. Calculate the EBIT for each company. b. Calculate each company's debt-to-assets ratio, current ratio, and the times-interest-earned ratio. c. Calculate each company's return-on-assets ratio using EBIT instead of net earnings. Calculate each company's return-on-equity ratio using net earnings. d. Meme-Me Corporation reported interest expense of $132 million, before taxes. What was its after-tax interest expense in dollars? (Hint You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Calculate the EBIT for each company. Meme-Me Corporation Sozhal Incorporated EDIT The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands Account Title Current assets Meme-Me Corporation Sozhal Incorporated $50,816 $135,721 Total assets 233,777 97,590 Current liabilities 34,625 7,098 Total liabilities 55,550 13,660 Stockholders' equity 178,227 84,995 Interest expense 132 11 Income tax expense 4,186 31,672 3,274 22,689 Net income Required a. Calculate the EBIT for each company. b. Calculate each company's debt-to-assets ratio, current ratio, and the times-interest-earned ratio. c. Calculate each company's return-on-assets ratio using EBIT instead of net earnings. Calculate each company's return-on-equity ratio using net earnings. d. Meme-Me Corporation reported interest expense of $132 million, before taxes. What was its after-tax interest expense in dollars? (Hint You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) Complete this question by entering your answers in the tabs below. Req A Req B and C Req D Calculate the EBIT for each company. Meme-Me Corporation Sozhal Incorporated EDIT