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Use the following information for JBS Corporation to answer the next question. INCOME STATEMENT Sales Cost of goods sold Gross profit Selling & Administrative Expenses

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Use the following information for JBS Corporation to answer the next question. INCOME STATEMENT Sales Cost of goods sold Gross profit Selling & Administrative Expenses Depreciation Expense Operating Income Interest Expense Earnings Before Taxes Income Taxes (@40%) Net Income Dividends paid $45,000 23,000 22,000 13,000 3,000 6,000 412 5,588 2,235 3,353 733 BALANCE SHEET Assets Cash Accounts receivable Inventory Plant & Equipment (net) Land $1,800 7,600 5,220 18,000 1,000 Liabilities Account Payable Notes Payable Accrued expenses Long Term debt 2,600 3,300 3,100 4,000 Stockholders' Equity Par value+paid-in capital Retained Earnings 4,000 16,620 The times interest earned is: A) 10.91 times OB) 31.32 times OC) 14.56 times OD) 7.89 times Question 19 (1 point) Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $224,700, cash of $51,900, and accounts receivable of $313,900. What is the amount of the current assets? A) $975,000 OB) $46,700 OC) $56,000 D) $783,400 O E) $699,700

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