Company H’s and Company L’s Debt to assets ratio for year ending 2014.

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Answer 1

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Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

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Students have asked these similar questions

Creditors Sales Revenue 22,500 1,143,700 Land at cost 550,000 Building at cost 570,000 Furniture and fittings at cost 85,000 Bank 14,000 Provision for Depreciation Buildings 120,000 Furniture and fittings 15,000 Discounts 5,700 5,800 Retained Earnings at 1 Oct 2022 14,800 Provision for bad debts 2,200 Goodwill 400,000 Cash 16,400 Inventory at 1 Oct 2022 48,000 Rent Received(from Breezy Ltd) 27,000 Rent 7,900 Wages and Salaries 122,000 Insurance 16,300 Carriage Inwards 2,300 Returns 8,500 12,000 Commission received 5,200 8% Mortgage 100,000 Other Operating Expenses 2,500 Debtors 45,000 Purchases 340,000 Debenture Interest 1,200 Mortgage Interest 4,600 Bad debt 4,700 7% Debentures 150,000 4% Preference Shares @ $0.5 130,000 Ordinary Shares @ $0.75 375,000 General Reserves 127,000 Interim ordinary dividends paid 4,500 2,249,400 2,249,400

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Answer 2

Question

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Answer 6

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

Answer 7

Chapter 10, Problem 10.2SDC

1.

To determine

To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

Answer 8

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Answer 9

2.

To determine

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 10 - Prob. 1Q Ch. 10 - Prob. 2Q Ch. 10 - What three factors influence the dollar amount...Ch. 10 - Prob. 4Q Ch. 10 - Prob. 5Q Ch. 10 - Prob. 6Q Ch. 10 - Prob. 7Q Ch. 10 - If a company has a long-term loan that has only...Ch. 10 - What are the reasons that some bonds are issued at...Ch. 10 - Prob. 10Q

Company H’s and Company L’s Debt to assets ratio for year ending 2014.

Solution Summary: The author explains that the debt-to-assets ratio of Company H for 2014 (69.1%) is more than that of company L (63.8%).

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To calculate: Company H’s and Company L’s Debt to assets ratio for year ending 2014.

To calculate: Company H’s and Company L’s Times-Interest-Earned ratio for year ending 2014.

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Chapter 10 Solutions