A company reports the following income statement and balance sheet information for the current year: Line Item Description Amount Net income $ 552,700 Interest expense 97,540 Average total assets 5,080,000 Determine return on total assets. If required, round the answer to one decimal place. fill the blank 1 of 1 %

A company reports the following income statement and balance sheet information for the current year: Line Item Description Amount Net income $ 552,700 Interest expense 97,540 Average total assets 5,080,000 Determine return on total assets. If required, round the answer to one decimal place. fill the blank 1 of 1 %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 9BE

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: Note: Round answers to two decimal places. 1. Calculate the times-interest-earned ratio. 2. Calculate the debt ratio. 3. Calculate the debt-to-equity ratio.
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