The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense $ 50,000 10,000 12,000 28, 000 200,000 120,000 Net income Total assets at year-end Total liabilities at year-end The debt/equity ratio at December 31, 2019 was:
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense $ 50,000 10,000 12,000 28, 000 200,000 120,000 Net income Total assets at year-end Total liabilities at year-end The debt/equity ratio at December 31, 2019 was:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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hello, I need help please
Transcribed Image Text:The following information was available for the year ended December 31, 2019.
Earnings before interest and taxes (operating income)
Interest expense
$ 50,000
10,000
12,000
28,000
200,000
120, 000
Income tax expense
Net income
Total assets at year-end
Total liabilities at year-end
The debt/equity ratio at December 31, 2019 was:
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