Ratio the liabilities to stockholders equity and times interest earned. following data were taken from the financial statement of Hunter Inc.for December 31st of two recent years: Current year accounts payable $434,000. Current maturity. 290,000 Serial bonds payable, 10% 1,190,000 Common stock,$1 par value 70,000 Paid- in capital in excess of par 700,000 Retained earnings 2,420,000 Previous year $127,000 290,000 1,480,000 90,000 700,000 1,920,000 The income before income tax expense was $518,000 and $453,000 for the camera in previous years respectively. A. Determine the ratio of liabilities to stockholders Equity at the end of each year. Round to one decimal place. Current year Previous year B. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year C. The ratio of liabilities to stockholders Equity has _______and the number of times bond interest charges were earned has_______ from the previous year. these results of a combined results of a _______ income before income taxes and______ interest expenses in a carrier compared to the previous year.
Ratio the liabilities to stockholders equity and times interest earned. following data were taken from the financial statement of Hunter Inc.for December 31st of two recent years: Current year accounts payable $434,000. Current maturity. 290,000 Serial bonds payable, 10% 1,190,000 Common stock,$1 par value 70,000 Paid- in capital in excess of par 700,000 Retained earnings 2,420,000 Previous year $127,000 290,000 1,480,000 90,000 700,000 1,920,000 The income before income tax expense was $518,000 and $453,000 for the camera in previous years respectively. A. Determine the ratio of liabilities to stockholders Equity at the end of each year. Round to one decimal place. Current year Previous year B. Determine the times interest earned ratio for both years. Round to one decimal place. Current year Previous year C. The ratio of liabilities to stockholders Equity has _______and the number of times bond interest charges were earned has_______ from the previous year. these results of a combined results of a _______ income before income taxes and______ interest expenses in a carrier compared to the previous year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ratio the liabilities to stockholders equity and times interest earned. following data were taken from the financial statement of Hunter Inc.for December 31st of two recent years:
Current year
accounts payable
$434,000.
Current maturity.
290,000
Serial bonds payable, 10%
1,190,000
Common stock,$1 par value
70,000
Paid- in capital in excess of par
700,000
Retained earnings
2,420,000
Previous year
$127,000
290,000
1,480,000
90,000
700,000
1,920,000
The income before income tax expense was $518,000 and $453,000 for the camera in previous years respectively.
A. Determine the ratio of liabilities to stockholders Equity at the end of each year. Round to one decimal place.
Current year
Previous year
B. Determine the times interest earned ratio for both years. Round to one decimal place.
Current year
Previous year
C. The ratio of liabilities to stockholders Equity has _______and the number of times bond interest charges were earned has_______ from the previous year. these results of a combined results of a _______ income before income taxes and______ interest expenses in a carrier compared to the previous year.
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