The company provided the following financial information: Assets -7,250,800 Tax Rate - 35% BEP- 14% ROA - 4% Compute the TIE ratio. Use 4 decimal places on your final answer
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The company provided the following financial information:
Assets -7,250,800
Tax Rate - 35%
BEP- 14%
ROA - 4%
Compute the TIE ratio. Use 4 decimal places on your final answer
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- Webby Corporation reported the following amounts on its income statement: service revenues, S32,500; utilities expense, $300; net income, $1,600; and income tax expense, $900. If the only other amount reported on the income statement was for selling expenses, what amount would it be? a. $2,200 c. $30,000 b. $29,700 d. $30,900Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to 2 decimal places.) Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts payable 496 434 Accounts receivable 1,340 880 Accumulated depreciation 6,806 6,682 Cash & equivalents 284 178 Common stock 1,244 1,170 Cost of goods sold 1,500 n.a. Depreciation expense ? n.a. Common stock dividends paid ? n.a. Interest expense 140 n.a. Inventory 1,074 1,076 Addition to retained earnings 602 n.a. Long-term debt 872 786 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,122 2,526 Sales 3,018 n.a. Other current liabilities 116 96 Tax rate 34 % n.a. Market price per share – year end $ 19.80 $…Use the selected balance sheet and income statement information below for Anka Inc. to compute the current ratio. Explain what information this ratio provides. Current Assets $26,300,450 Current Liabilities $14,879,200 Pretax Income $4,300,600 Interest Expense $1,300,000
- The financial statements for Castile Products, Incorporated, are given below: Castile Products, Incorporated Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities. Stockholders equity Connon stock, $5 per value. Retained earnings Total stockholders equity Total liabilities and stockholders' equity Castile Products, Incorporated Income Statement For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net incone before taxes Income taxes (30%) Net income $24,000 230,000 370,000 9,000 633,000 860,000 $1,493,000 $ 290,000 320,000 610,000 $150,000. 733,000 883,000 $1,493,000 $ 2,290,000 1,220,000 1,070,000 580,000 490,000 32,000 458,000 137,400 $ 320,600Using the data below compute the Current Ratio and Quick Ratio. Show your solutions e u.) on Razor Company has provided the following accounts: Cash P300,000 Accounts Payable 700,000 Interest Payable 600,000 Rent Payable Accounts Receivable Inventories Marketable Securities Prepaid Expense Property, Plant, and Equipment Notes Receivable (8% 4-year) Previous " 200,000 Utilities Payable 100,000 Accrued Expenses 3,600,000 Notes Payable (6% 3-year) 1,500,000 Bonds Payable (8% 5-year) a L' P250,000 40,000 70,000 80,000 60,000 1,400,000 2,100,000Times interest earned A company reports the following: Income before income tax expense $4,300,000 Interest expense 600,000 Determine the times interest earned ratio. Round your answer to one decimal place.fill in the blank 1
- A company reports the following income statement and balance sheet information for the current year: Net income $132,370 Interest expense 11,510 Average total assets 2,180,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank %Using the data below compute the Current Ratio and Quick Ratio Show your solutions Razor Company has provided the following accounts: Cash P300,000 Accounts Payable 700,000 Interest Payable 600,000 Rent Payable 200,000 Utilities Payable 100,000 Accrued Expenses 3,600,000 Notes Payable ( 6% 3-year) 1,500,000 Bonds Payable (8% 5-year) Accounts Receivable Inventories Marketable Securities Prepaid Expense Property, Plant, and Equipment Notes Receivable (8% 4-year) • Previous P250,000 40,000 70,000 80,000 60,000 1,400,000 2,100,000Based on the information in financial statements for Emerson Corporation, the operating margin is Note: Round your intermediate and final answer to two decimal places. Emerson Corporation
- The Lancaster Corporation's income statement is given below. Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 223,000 155,000 $ 68,000 33,100 $ 34,900 13,400 $ 21,500 7,525 $ 13,975The following financial data (in thousands) were taken from recent financial statements of Staples, Inc.: Please see the attachment for details: 1. Determine the times interest earned ratio for Staples in Year 3, Year 2, and Year 1? Round your answers to one decimal place.2. Evaluate this ratio for Staples.Compute the current ratio for each of the following competitors. Which company is in the best position to pay its short-term obligations? Net sales Net income Current assets Current liabilities Total assets Current ratio Conclusion Complete this question by entering your answers in the tabs below. Gomez $ 1,350,000 110,000 342,000 190,000 410,000 Gomez Cruz Cruz $ 900,000 3,000 162,000 60,000 510,000 Compute the current ratio for each of the following competitors. Note: Round your answers to 2 decimal places. Current Ratio
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