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Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Income before interest and taxes Interest expense Current liabilities: 10% Bonds, long-term Total liabilities. Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is $ 189 370 559 213 298 511 $ 1,070 Income before tax Income tax Net income $123 37 86 20 $.66

Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Income before interest and taxes Interest expense Current liabilities: 10% Bonds, long-term Total liabilities. Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is $ 189 370 559 213 298 511 $ 1,070 Income before tax Income tax Net income $123 37 86 20 $.66

FINANCIAL ACCOUNTING
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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Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities 10% Bonds, long-term Total liabilities $ 189 370 559 Income before interest and taxes Interest expense Income before tax Income tax Net income Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is: 213 298 511 $ 1,070 $123 37 86 20 $.66
Transcribed Image Text:Recent financial statement data for Harmony Health Foods (HHF) Incorporated is shown below. Current liabilities 10% Bonds, long-term Total liabilities $ 189 370 559 Income before interest and taxes Interest expense Income before tax Income tax Net income Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and equity HHF's times interest earned ratio is: 213 298 511 $ 1,070 $123 37 86 20 $.66
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