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Use the following to answer the next two questions: Income Statement Sales 100% Cost of goods sold 63 Operating expenses 21 Interest expense 5 Income
Use the following to answer the next two questions:
Income Statement |
| |
Sales | 100% | |
Cost of goods sold | 63 | |
Operating expenses | 21 | |
Interest expense | 5 | |
Income tax | 4 | |
Net income | 7% | |
Sales | $8,000,000 |
Balance Sheet |
| |
Cash | 5% | |
Accounts receivable | 20 | |
Inventory | 25 | |
PP&E, net | 50 | |
Total assets | 100% | |
Short-term debt | 20% | |
Long-term debt | 35 | |
Common equity | 45 | |
Total liabilities and equity | 100% | |
Total assets | $6,000,000 | |
current ratio is closest to:
Group of answer choices
2.50.
1.90.
1.20.
NRH Corps times interest earned ratio is closest to:
Group of answer choices
3.2.
1.6.
7.0.
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