FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Use the following information from separate companies a through d: Net Income (Loss) Interest Expense Income Taxes $117,000 111,600 99,450 120, 100 a. b. C. d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due Times Interest Interest Earned Ratio Coverage Compute times interest earned. Complete this question by entering your answers in the tabs below. Company $46,800 47,988 36,797 4,804 a b C d $29,250 40,176 41,769 57,648 Times Interest Earned Ratio Choose Numerator: 1 1 1 1 1 1 Choose Denominator:arrow_forwardhe following data were taken from Alvarado Company’s balance sheet: OBJ. 6 Dec. 31, 2019 Total liabilities $4,085,000 Total owner’s equity 4,300,000 Compute the ratio of liabilities to owner’s equity. Dec. 31, 2018 $2,880,000 3,600,000 a. b. Has the creditor’s risk increased or decreased from December 31, 2018, to December 31, 2019?arrow_forwarddont give answer in image formatarrow_forward
- Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Het sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 What is the equity multiplier for 20227 $11,100 8,050 430 $ 2,620 104 $2,516 881 $ 1,635 Windswept, 2921 and 2022 Balance Sheets. (in millions) 2022 $300 1,150 1,050 2,060 1,775 $ 3,510 $3,155 3,520 4,120 $7,030 $7,275 $ 330 porated Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,870 1,090 3,400 670 2022 $1,932 1,373 3,050 920 $7,030 $7,275.arrow_forwardWhich company stock is better to invest and whyarrow_forwardProvide Answer with calculationarrow_forward
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