hw4 The balance sheet for Shave Corporation reported the following cash,...
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hw4
The balance sheet for Shave Corporation reported the following cash, 56.500; short-term investments, 511,500 , net accounts receivable, $38,000; inventory, $43,000; prepaids, $11,500, equipment, $112,000, current liabilities, $43,000, notes payable flongterm), \$73,000, total stockholders' equity, $106,500, net income. $3,620. interest expense, $5,000, income before income taxes. $6,180 Required: 1. Compute Shaver's debt-to-assets ratio and times interest eamed ratiof 2-e. Based on these ratios, does it appear Shaver relies maloly on debt or equity to finatce its assets? 2-b. Is it probable that Shaver will be able to meet its future interest oblgations? Complete this question by entering your answers in thu tabs holow
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