The following information comes from the balance sheets and income statements of Crosby Co.: / La siguiente información proviene del balance general y estado de resultados de la empresa Crosby: As of or or the Year ended December 31 Current year Prior Year Cash/ Efectivo $ 24,000 $ 20,000 Accounts receivable / Cuentas por 38,000 44,000 cobrar Inventory / Inventario Property and quipment / Propiedad planta y equipo 64,000 50,000 224,000 218,000 Current liabilities / Pasivo 88,000 80,000 circulante Long-term liabilities / Pasivo a largo plazo Stockholders' equity/Capital 106,000 100,000 156,000 152,000 contable
The following information comes from the balance sheets and income statements of Crosby Co.: / La siguiente información proviene del balance general y estado de resultados de la empresa Crosby: As of or or the Year ended December 31 Current year Prior Year Cash/ Efectivo $ 24,000 $ 20,000 Accounts receivable / Cuentas por 38,000 44,000 cobrar Inventory / Inventario Property and quipment / Propiedad planta y equipo 64,000 50,000 224,000 218,000 Current liabilities / Pasivo 88,000 80,000 circulante Long-term liabilities / Pasivo a largo plazo Stockholders' equity/Capital 106,000 100,000 156,000 152,000 contable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
pregunta anexa
question in image
Transcribed Image Text:Net sales revenues / Ingreso por
680,000
630,000
ventas netas
Cost of goods sold / Costo de
mercancía vendida
440,000
420,000
Operating expenses / Gastos de
operación
160,000
150,000
Interest expense / Gasto por
interés
10,000
8,000
Income tax expense / Gasto por
18,000
16,000
impuestos
What is the times interest earned ratio for the current year? / ¿Cuál es la
razón de veces interés ganado del año actual?
8.0
6.2
5.2
2.2
Transcribed Image Text:The following information comes from the balance sheets and income
statements of Crosby Co.: / La siguiente información proviene del
balance general y estado de resultados de la empresa Crosby:
As of or or the Year ended December 31
Current year
Prior Year
Cash/Efectivo
$ 24,000
$ 20,000
Accounts receivable / Cuentas por
38,000
44,000
cobrar
Inventory/ Inventario
64,000
50,000
Property and quipment /
Propiedad planta y equipo
224,000
218,000
Current liabilities / Pasivo
circulante
88,000
80,000
Long-term liabilities / Pasivo a
largo plazo
Stockholders' equity / Capital
contable
106,000
100,000
156,000
152,000
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