Income before interest expense and income tax expense Cost of goods sold Interest expense Total assets Total liabilities Total equity Compute the (a) debt-to-equity ratio and (b) times interest earned. Debt To Equity Times Interest Ratio Earned Compute the debt-to-equity ratio. Complete this question by entering your answers in the tabs below. Numerator: 1 1 1 Debt-To-Equity Ratio Denominator: 11 11 $ 77,000 37,000 3,500 11 105,000 35,000 70,000 Debt-To-Equity Ratio Debt-to-equity ratio

Income before interest expense and income tax expense Cost of goods sold Interest expense Total assets Total liabilities Total equity Compute the (a) debt-to-equity ratio and (b) times interest earned. Debt To Equity Times Interest Ratio Earned Compute the debt-to-equity ratio. Complete this question by entering your answers in the tabs below. Numerator: 1 1 1 Debt-To-Equity Ratio Denominator: 11 11 $ 77,000 37,000 3,500 11 105,000 35,000 70,000 Debt-To-Equity Ratio Debt-to-equity ratio

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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From the following compute (a) Current Ratio (b) Quick Ratio S.No. Items Amount S.No. Items Amount 1 Current Investments 1,60,000 7 Short-Term Provisions 13,000 2 Inventories 15,000 8 Other Current Liabilities 25,000 3 Trade Receivables 12,000 Short-term Loans & Advances 44,000 4 Short-term Borrowings 40,000 10 Tangible Fixed Assets 11,00,000 Trade Payables 12,500 11 Cash & Cash Equivalents 20,000 Prepaid Expenses 11,000 12 Advance Tax 16,000
A6
Help calculating the following ratios: return on equity current ratio quick ratio debt-to-equity times interest earned
Balance Sheet Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (L.e., .2345 should be entered as 23.45). Assats Current assets Cash Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid Items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other FANNING COMPANY Vertical Analysis of Balance Sheeta Year 4 Total noncurrent liabilales Total abilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating: 6,600 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity…
Calculate net debt. Cash and cash equivalents Short term borrowings Long term borrowings Commercial paper (liability) Capital / finance lease Accounts receivable Total liabilities Inventory Select one: 2,108.0 2,103.0 2,025.0 14,132.0 3,176.0 419.0 2,883.0 331.0 1,651.0 83.0 17,308.0 5.0
Is the balance column for profit and loss (capital equity) a CR or DR?
Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.7 Return on assets (ROA) 4% Return on equity (ROE) 6% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places. %
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For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…