Hasbro, Inc. Consolidated Statements of Operations - USD ($) $ in Thousands12 Months EndedDec. 31, 2018Consolidated Statements of Operations [Abstract] Net revenues, external $ 4,579,646Costs and expenses Cost of sales1,850,678Royalties351,660Product development246,165Advertising439,922Amortization of intangibles28,703Program production cost amortization43,906Selling, distribution and administration1,287,560Total expenses4,248,594Operating profit331,052Non-operating (income) expense Interest Expense90,826Interest income(22,357)Other (income) expense, net(7,819)Total non-operating expense, net60,650Earnings before income taxes270,402Income taxes49,968Net earnings220,434Net Loss Attributable to Noncontrolling Interests0Net Earnings Attributable to Hasbro, Inc. $ 220,434Net earnings attributable to Hasbro, Inc. per common share: Basic (in dollars per share) $ 1.75Diluted (in dollars per share)1.74Cash dividends declared (in dollars per share) $ 2.52From the above Income Statement calculate the Interest Coverage Ratio and show accounts used.

Interest Coverage Ratio: It is an accounting ratio used by the management of an organization to…

Answered: Hasbro, Inc. Consolidated Statements of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hasbro, Inc. Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
Dec. 31, 2018
Consolidated Statements of Operations [Abstract]
Net revenues, external	$ 4,579,646
Costs and expenses
Cost of sales	1,850,678
Royalties	351,660
Product development	246,165
Advertising	439,922
Amortization of intangibles	28,703
Program production cost amortization	43,906
Selling, distribution and administration	1,287,560
Total expenses	4,248,594
Operating profit	331,052
Non-operating (income) expense
Interest Expense	90,826
Interest income	(22,357)
Other (income) expense, net	(7,819)
Total non-operating expense, net	60,650
Earnings before income taxes	270,402
Income taxes	49,968
Net earnings	220,434
Net Loss Attributable to Noncontrolling Interests	0
Net Earnings Attributable to Hasbro, Inc.	$ 220,434
Net earnings attributable to Hasbro, Inc. per common share:
Basic (in dollars per share)	$ 1.75
Diluted (in dollars per share)	1.74
Cash dividends declared (in dollars per share)	$ 2.52

From the above Income Statement calculate the Interest Coverage Ratio and show accounts used.

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