Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 9, Problem 5BTN
To determine

Current Liabilities:

Current liabilities are those liabilities that a company has to pay within a year.

Times Interest Earned Ratio:

It a ratio that helps in measuring the company’s ability to pay off its interest through the income generated by a company before interest and tax. It tells that how much amount a company has to use to pay off its interest obligation.

1.

To identify: The current liabilities on M’s Balance sheet as of 31st December, 2015.

2.

To determine

To compute: The potion (in %) of M’s long term debts that matures with the next 12 months.

3.

To determine

To compute:-The times interest earned ratio of company M for the year ended 31st December 2015 and to comment on the times interest earned ratio.

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Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card

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