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what is Dedt- equity ratio?(use 2009 values ) Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before
what is Dedt- equity ratio?(use 2009 values )
Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $627,800 521,400 11.200 95,200 10.100 $85,100 28,900 $56,200 -- Galaxy United, Inc. 2008 and 2009 Balance Sheets Cash Accounts rec. Inventory Sub-total Net fixed assets Total 2008 2009 $17,000 $24,700 Accounts payable 54,100 56,700 Long-term debt 189,400 186,700 Common stock $260,500 $268.100 Retained earnings 261,300 279,400 $521,800 $547,500 Total 2008 2009 $128,600 $134,700 147,500 141,000 125,000 140,000 120,700 131.800 $521.800 $547.500Step by Step Solution
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