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What are the coverage ratios for the following data (using fomrula below)? Please show how you came up with solution. Thank you Times interest earned

What are the coverage ratios for the following data (using fomrula below)? Please show how you came up with solution. Thank you

Times interest earned = EBIT / Interest expense = ??

Times burden covered = EBIT / Interest + Principal repayment / 1 - tax rate = ??

APPLE, Inc. BALANCE SHEET
2014-09 2015-09
Assets
Cash
Cash and cash equivalents $13,844,000 $21,120,000
Short-term investments $11,233,000 $20,481,000
Total cash $25,077,000 $41,601,000
Receivables $17,460,000 $16,849,000
Inventories $2,111,000 $2,349,000
Deferred income taxes $4,318,000 $5,546,000
Other current assets $19,565,000 $23,033,000
Total current assets $68,531,000 $89,378,000
Non-current assets
Gross property, plant and equipment $39,015,000 $49,257,000
Accumulated Depreciation -$18,391,000 -$26,786,000
Net property, plant and equipment $20,624,000 $22,471,000
Equity and other investments $130,162,000 $164,065,000
Goodwill $4,616,000 $5,116,000
Intangible assets $4,142,000 $3,893,000
Other long-term assets $3,764,000 $5,556,000
Total non-current assets $163,308,000 $201,101,000
Total assets $231,839,000 $290,479,000
Liabilities and stockholders' equity
Liabilities
Short-term debt $6,308,000 $10,999,000
Accounts payable $30,196,000 $35,490,000
Taxes payable $1,209,000 $0
Accrued liabilities $7,689,000 $25,181,000
Deferred revenues $9,548,000 $8,940,000
Other current liabilities $8,498,000 $0
Total current liabilities $63,448,000 $80,610,000
Non-current liabilities
Long-term debt $28,987,000 $53,463,000
Deferred taxes liabilities $20,259,000 $24,062,000
Deferred revenues $3,031,000 $3,624,000
Other long-term liabilities $4,567,000 $9,365,000
Total non-current liabilities $56,844,000 $90,514,000
Total liabilities $120,292,000 $171,124,000
Stockholders' equity
Common stock $23,313,000 $27,416,000
Additional paid-in capital $0 $0
Retained earnings $87,152,000 $92,284,000
Accumulated other comprehensive income $1,082,000 -$345,000
Total stockholders' equity $111,547,000 $119,355,000
Total liabilities and stockholders' equity $231,839,000 $290,479,000
APPLE Inc. Statement of CASH FLOW
2014-09 2015-09
Cash Flows From Operating Activities
Net income $39,510,000 $53,394,000
Depreciation & amortization $7,946,000 $11,257,000
Deferred income taxes $2,347,000 $1,382,000
Stock based compensation $2,863,000 $3,586,000
Accounts receivable -$4,232,000 $611,000
Inventory -$76,000 -$238,000
Accounts payable $5,938,000 $5,400,000
Other working capital $5,417,000 $5,874,000
Other non-cash items $0 $0
Net cash provided by operating activities $5,971,300 $81,266,000
Cash Flows From Investing Activities
Investments in property, plant, and equipment -$9,571,000 -$11,247,000
Acquisitions, net -$3,765,000 -$343,000
Purchases of investments -$217,128,000 -$166,402,000
Sales/Maturities of investments $208,111,000 $121,985,000
Purchases of intangibles -$242,000 -$241,000
Other investing activities $16,000 -$26,000
Net cash used for investing activities -$22,579,000 -$56,274,000
Cash Flows From Financing Activities
Debt issued $18,266,000 $0
Debt repayment $0 $0
Common stock issued $730,000 $543,000
Common stock repurchased -$45,000,000 -$35,253,000
Dividend paid -$11,126,000 -$11,561,000
Other financing activities -$419,000 $28,555,000
Net cash provided by (used for) financing activities -$37,549,000 -$17,716,000
Net change in cash -$415,000 $7,276,000
Cash at beginning of period $14,259,000 $13,844,000
Cash at end of period $13,844,000 $21,120,000
Free Cash Flow
Operating cash flow $59,713,000 $81,266,000
Capital expenditure -$9,813,000 -$11,488,000
Free cash flow $49,900,000 $69,778,000
APPLE Inc. INCOME STATEMENT
2014-09 2015-09
Revenue $182,795,000 $233,715,000
Cost of revenue $112,258,000 $140,089,000
Gross profit $70,537,000 $93,626,000
Operating expenses
Research and development $6,041,000 $8,067,000
Sales, General and administrative $11,993,000 $14,329,000
Total operating expenses $18,034,000 $22,396,000
Operating income $52,503,000 $71,230,000
Interest Expense $384,000 $733,000
Other income (expense) $1,364,000 $2,018,000
Income before taxes $53,483,000 $72,515,000
Provision for income taxes $13,973,000 $19,121,000
Net income from continuing operations $39,510,000 $53,394,000
Net income $39,510,000 $53,394,000
Net income available to common shareholders $39,510,000 $53,394,000
Earnings per share
Basic 6.49 9.28
Diluted 6.45 9.22
Weighted average shares outstanding
Basic $6,086,000 $5,753,000
Diluted $6,123,000 $5,793,000
EBITDA $61,813,000 $84,505,000

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