The following selected information (in thousands) is available for Penny Worth Limited: Total assets Total liabilities Interest expense Income tax expense Net income Cash provided by operating activities Net capital expenditures 2024 $3,884 2,185 16 176 405 858 398 2023 $3,685 1,951 24 150 375 581 298

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 33BEB: The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as...
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Calculate all possible solvency ratios for 2024 and 2023. (Round answers to 1 decimal place e.g. 6.2. Enter free cash flow amounts in
thousands.)
Debt to total assets
Free cash flow
Times interest earned.
2024
%
times
2023
times
Transcribed Image Text:Calculate all possible solvency ratios for 2024 and 2023. (Round answers to 1 decimal place e.g. 6.2. Enter free cash flow amounts in thousands.) Debt to total assets Free cash flow Times interest earned. 2024 % times 2023 times
The following selected information (in thousands) is available for Penny Worth Limited:
Total assets
Total liabilities
Interest expense
Income tax expense
Net income
Cash provided by operating activities
Net capital expenditures
Dividends paid on common shares
2024
$3,884
2,185
16
176
405
858
398
109
2023
$3,685
1,951
24
150
375
581
298
90
Transcribed Image Text:The following selected information (in thousands) is available for Penny Worth Limited: Total assets Total liabilities Interest expense Income tax expense Net income Cash provided by operating activities Net capital expenditures Dividends paid on common shares 2024 $3,884 2,185 16 176 405 858 398 109 2023 $3,685 1,951 24 150 375 581 298 90
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