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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Total
Net Fixed Assets
Total Assets
O 14.97
siven,
O 16.05
O 9.63
Cash
Accounts Receivable
Inventory
Click to open:
O 12.59
Net Sales
Less: Cost of Goods Sold
Less: Depriciation
Earnings before Interest and Taxes
O 10.12
Less: Interest Paid
Taxable income
Less: Taxes
Net Income
Precision Tools
2012 Income Statement
($ in Millions)
What is the times interest earned ratio for 2012?
2011
2060
3411
18776
24247
14160
38407
LE
36408
28225
1760
6423
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
97
Transcribed Image Text:Total Net Fixed Assets Total Assets O 14.97 siven, O 16.05 O 9.63 Cash Accounts Receivable Inventory Click to open: O 12.59 Net Sales Less: Cost of Goods Sold Less: Depriciation Earnings before Interest and Taxes O 10.12 Less: Interest Paid Taxable income Less: Taxes Net Income Precision Tools 2012 Income Statement ($ in Millions) What is the times interest earned ratio for 2012? 2011 2060 3411 18776 24247 14160 38407 LE 36408 28225 1760 6423 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 97
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