Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions).Current assetsTotal assetsCurrent liabilitiesTotal liabilitiesNT$3,536.031,408.03,016.016,640.0Compute the following values.Interest expenseIncome taxesNet incomeNT$520.0(a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.)1,976.04,590.0(b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.)%times

The ratio analysis is the analysis of various elements of the financial statements. The ratio…

Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 Interest expense 31,408.0 Income taxes 3,016.0 Net income 16,640.0 Compute the following values. NT$520.0 1,976.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times

Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 Interest expense 31,408.0 Income taxes 3,016.0 Net income 16,640.0 Compute the following values. NT$520.0 1,976.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times

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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