The following amounts were taken from the financial statements of Oriole Company:20172016Current liabilities$1271000 $1243000Long-term liabilities18050001618000Interest expense10600056400Income tax expense5580030500Net income310000181000342000280000Net cash provided by operatingactivityThe times interest earned for 2017 is D0400asuadxə isəjaIncome tax expense5580030500Net income310000181000Net cash provided by operating342000280000activityThe times interest earned for 2017 isO 3 tìmes.O 4.5 times.O 3.5 times.O 3.9 times.

Time interest earned ratio indicates the ability of the company to payout its debt obligation by…

The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is

The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is

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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The asset side of the 2017 balance sheet for the Corporation is below. The company reported total revenues of $37,728 million in 2017 and $37,047 million in 2016. in millions May 31, 2017 May 31, 2016 Current assets: Cash and cash equivalents $ 21,784 $ 20,152 Marketable securities 44,294 35,973 Trade receivables, net of allowances for doubtful accounts of $319 and $327 as of May 31, 2017 and May 31, 2016, respectively 5,300 5,385 Inventories 300 212 Prepaid expenses and other current assets 2,837 2,591 Total current assets 74,515 64,313 Non-current assets: Property, plant and equipment, net 5,315 4,000 Intangible assets, net 7,679 4,943 Goodwill, net 43,045 34,590 Deferred tax assets 1,143 1,291 Other assets 3,294 3,043 Total non-current assets 60,476 47,867 Total assets $134,991 $112,180 How do I figure what the company’s gross amount…
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