The following selected information (in thousands) is available for Penny Worth Limited: Total assets Total liabilities Interest expense Income tax expense Net income Cash provided by operating activities Net capital expenditures 2024 $3,884 2,185 16 176 405 858 398 2023 $3,685 1,951 24 150 375 581 298
The following selected information (in thousands) is available for Penny Worth Limited: Total assets Total liabilities Interest expense Income tax expense Net income Cash provided by operating activities Net capital expenditures 2024 $3,884 2,185 16 176 405 858 398 2023 $3,685 1,951 24 150 375 581 298
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Calculate all possible solvency ratios for 2024 and 2023. (Round answers to 1 decimal place e.g. 6.2. Enter free cash flow amounts in
thousands.)
Debt to total assets
Free cash flow
Times interest earned.
2024
%
times
2023
times](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb654e03a-c3bd-4302-8058-738c4eac3b20%2F1113373c-f837-4b7d-bb30-06a6509c5f55%2Fm2la09q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Calculate all possible solvency ratios for 2024 and 2023. (Round answers to 1 decimal place e.g. 6.2. Enter free cash flow amounts in
thousands.)
Debt to total assets
Free cash flow
Times interest earned.
2024
%
times
2023
times
![The following selected information (in thousands) is available for Penny Worth Limited:
Total assets
Total liabilities
Interest expense
Income tax expense
Net income
Cash provided by operating activities
Net capital expenditures
Dividends paid on common shares
2024
$3,884
2,185
16
176
405
858
398
109
2023
$3,685
1,951
24
150
375
581
298
90](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb654e03a-c3bd-4302-8058-738c4eac3b20%2F1113373c-f837-4b7d-bb30-06a6509c5f55%2Fkl79tv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following selected information (in thousands) is available for Penny Worth Limited:
Total assets
Total liabilities
Interest expense
Income tax expense
Net income
Cash provided by operating activities
Net capital expenditures
Dividends paid on common shares
2024
$3,884
2,185
16
176
405
858
398
109
2023
$3,685
1,951
24
150
375
581
298
90
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