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The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000 Total liabilities 5,500 Total equity 4,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000

The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000 Total liabilities 5,500 Total equity 4,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000

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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11 The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000 Total liabilities 5,500 Total equity 4,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000 Accounts payable 1,200 Accounts receivable 1,500 What is Evie Company's TIMES INTEREST EARNED RATIO? O.0.04 O 15.00 O 0.40 O 0.07 O 2.50 12 The data below are for Skye Company. Total assets $10,000 Income tax expense 1,000 Accounts receivable 2,500 Total equity 6,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000 Accounts payable 1,200 Net income 1,500 What is Evie Company's DEBT-TO-EQUITY RATIO? O 0.54 O 1.22 O 0.80 O 0.45 O 0.60 13 You owe $300,000 on a mortgage loan. The loan is to be repaid in equal payments at the end of A each MONTH for the next 30 years. The interest rate on the loan is 4.35%, compounded monthly. What is the amount of each of the monthly mortgage payments? O $1,493.44 O $1,087.50 O $1,507.81 O $9,046.89 O $13,050.00
Transcribed Image Text:11 The data below are for Evie Company. Total assets $10,000 Income before interest and taxes 1,000 Total liabilities 5,500 Total equity 4,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000 Accounts payable 1,200 Accounts receivable 1,500 What is Evie Company's TIMES INTEREST EARNED RATIO? O.0.04 O 15.00 O 0.40 O 0.07 O 2.50 12 The data below are for Skye Company. Total assets $10,000 Income tax expense 1,000 Accounts receivable 2,500 Total equity 6,500 Interest expense 400 Sales 15,000 Cost of goods sold 9,000 Accounts payable 1,200 Net income 1,500 What is Evie Company's DEBT-TO-EQUITY RATIO? O 0.54 O 1.22 O 0.80 O 0.45 O 0.60 13 You owe $300,000 on a mortgage loan. The loan is to be repaid in equal payments at the end of A each MONTH for the next 30 years. The interest rate on the loan is 4.35%, compounded monthly. What is the amount of each of the monthly mortgage payments? O $1,493.44 O $1,087.50 O $1,507.81 O $9,046.89 O $13,050.00
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