Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 14,000...
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Accounting
Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 14,000 Accounts payable 16,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 7,000 Current liabilities 22,000 Inventory 33,000 Long-term debt 95,000 Current assets 56,000 Total liabilities 117,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 33,000 Net fixed assets 114,000 Equity 53,000 Total assets 170,000 Total liab. & equity 170,000 Line item Value Sales 77,000 - Costs 63,140 - Depreciation 2,000 = EBIT 11,860 - Interest 800 = Taxable income 11,060 - Taxes 3,650 = Net income 7,410 | Attempt 1/3 for 10 pts. Part 1 What is the times-interest-earned ratio? 1+ decimals Submit
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