Cash Accounts Receivable Inventory Total Netrad ASSULE Total Assets O 16.05 O 9.63 Net Sales Less: Cost of Goods Sold Less: Depriciation Earnings before Interest and Taxes O 12.59 10.12 Precision Tools 2012 Income Statement (S in Millions) Less: Interest Paid Taxable income Less: Taxes Net Income 2011 2060 3411 18776 24247 14160 38407 36408 28225 1760 6423 What is the times interest earned ratio for 2012? Click to open: E 4 O 14.97 510 5913 2070 3843 Precision Tools 2011 and 2012 Balance Sheets ($ in Millions) 2012 1003 Accounts Payable 4218 Long Term Debt 21908 Common Stock 27129 Retained Earnings 14080 41209 Total Liabilities and Equity 2011 7250 9800 15000 6357 38407 2012 8384 11500 17500 3825 41209
Cash Accounts Receivable Inventory Total Netrad ASSULE Total Assets O 16.05 O 9.63 Net Sales Less: Cost of Goods Sold Less: Depriciation Earnings before Interest and Taxes O 12.59 10.12 Precision Tools 2012 Income Statement (S in Millions) Less: Interest Paid Taxable income Less: Taxes Net Income 2011 2060 3411 18776 24247 14160 38407 36408 28225 1760 6423 What is the times interest earned ratio for 2012? Click to open: E 4 O 14.97 510 5913 2070 3843 Precision Tools 2011 and 2012 Balance Sheets ($ in Millions) 2012 1003 Accounts Payable 4218 Long Term Debt 21908 Common Stock 27129 Retained Earnings 14080 41209 Total Liabilities and Equity 2011 7250 9800 15000 6357 38407 2012 8384 11500 17500 3825 41209
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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