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The following selected information (in thousands) is available for Dynatech Limited: 2021 2020 Total assets $3,861 $3,700 Total liabilities 2,159 1,948 Interest expense 16 27
The following selected information (in thousands) is available for Dynatech Limited:
2021 | 2020 | ||||
---|---|---|---|---|---|
Total assets | $3,861 | $3,700 | |||
Total liabilities | 2,159 | 1,948 | |||
Interest expense | 16 | 27 | |||
Income tax expense | 176 | 150 | |||
Net income | 403 | 373 | |||
Cash provided by operating activities | 848 | 574 | |||
Net capital expenditures | 401 | 299 | |||
Dividends paid on common shares | 109 | 90 |
(a) I Your answer is partially correct. Calculate all possible solvency ratios for 2021 and 2020. (Round answers to 1 decimal place e.g. 6.2. Enter free cash flow amounts in thousands.) 2021 2020 Debt to total assets 56 % 52 % Free cash flow $ 338 185 Times interest earned 37.1 times 20.3 times
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