To Do Ass Chapter 03 Pre-Built P Help Save&Exit; Submit 7 Balance Sheet (s in 00

Question

To Do Ass Chapter 03 Pre-Built P Help Save&Exit; Submit 7 Balance Sheet (s in 000s) 10 points Cash Accounts receivable Property, plant, and equipment (net) $ 330 280 330 360 2,300 $3,600 ries Total assets Liabilities and shareholders Equity Long-term liabilities Paid-in capital s 530 480 1,400 190 Total liabilities and shareholders equity ,600 The company's 2018 income statement reported the following amounts (S in 000s): $5,900 Net sales Incone tax expense Net income Required: 1. Calculate the current ratio. (Round your answer to 2 decimal places.) 2. Calculate the acid-test ratio. (Round your answer to 3 decimal places.) 3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) 4. Calculate the times interest earned ratio. (Round your answer to 1 decimal place.)

Explanation / Answer

1 Current ratio = Current assets/Current liabilites =(330+280+330+360)/530= 2.45 2 Acid-test ratio =(330+280+330)/530= 1.774 3 Debt to equity ratio = Totla liabilities/Total stockholders' equity = (530+480)/(1400+1190)= 0.39 4 Times interest earned = Income before interest and tax/Interest expense = (290+50+120)/50= 9.2

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