A firm reported wages expense of $607 million and cash paid for wages of $578 million. What was the change in wages payable for the period?
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- a companys income before interest expense and income taxes is 175,000 and its inerest expense is 65,000. its time interest earned ratio is?X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its basic earning power (BEP) ratio?Rissy Inc. had the following components of working capital last year: Accounts receivable (start: $23,000 & end: $23,000); Inventory (start: $18,000 & end: $17,000); Accounts Payable (start: $11,000 & end: $13,000). What was the change in net working capital during the year?
- A firm has net income before interest and taxes of $ 193,000 and interest expense of $28, 100. What is the times interest - earned ratio? Note: Round your answer to 2 decimal places. -Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was its basic earning power (BEP)?What are the annual sales for a firm with $116,044 in total liabilities, a total debt ratio of 0.48, and an asset turnover of 4.75?
- . Great Products, Inc. reported the following on the company’s income statement in two recent years:Current Year Prior YearInterest Expense $270,000 $250,000Income before income tax expense 4,212,000 3,450,000a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. b. Is the times interest earned ratio improving or declining?Current assets are $94,700. Accounts payable is $36,200, net income is $12,400 and sales are $110,800. What is the net working capital turnover rate?Provide answer financial accounting
- Loomis, Inc. reported the following on the company’s income statement in two recent years: Please see the image for details: a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place.b. Is this ratio improving or declining?A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.A firm has $820 in inventory, $3,200 in fixed assets, $670 in accounts receivable, $390 in accounts payable, $500 in long-term debt, and $360 in cash. What is the amount of the net working capital?