At May 31, 2019, Timberwolf Transfers reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense. Net Income Req 2A 2019 $ 69,000 44,850 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for Timberwolf's assets? 2-b. In 2019, was Timberwolf more (or less) successful at covering its interest costs, as compared to 2018? 734 155 770 Complete this question by entering your answers in the tabs below. Debt-to-Assets Times Interest Earned Ratio 2019 Req 1 Req 28 Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) 2018 $ 67,000 40,870 740 260 6,181 2018

At May 31, 2019, Timberwolf Transfers reported the following amounts (in millions) in its financial statements: Total Assets Total Liabilities Interest Expense Income Tax Expense. Net Income Req 2A 2019 $ 69,000 44,850 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for Timberwolf's assets? 2-b. In 2019, was Timberwolf more (or less) successful at covering its interest costs, as compared to 2018? 734 155 770 Complete this question by entering your answers in the tabs below. Debt-to-Assets Times Interest Earned Ratio 2019 Req 1 Req 28 Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. (Round your answers to 2 decimal places.) 2018 $ 67,000 40,870 740 260 6,181 2018

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 48P

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The entity has collected P20,000 interest during 2020. While P3,700 is recorded in interest receivable on its December 31, 2020 statement of financial position and P10,000 on December 31, 2019. The interest revenue to be reported in the Company’s statement of comprehensive income for 2020 is?
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