Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000...
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Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 17,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities 23,000 Inventory 32,000 Long-term debt 95,000 Current assets 51,000 Total liabilities 118,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 27,000 Net fixed assets 114,000 Equity 47,000 Total assets 165,000 Total liab. & equity 165,000 Line item Value Sales 71,000 - Costs 58,220 - Depreciation 2,000 = EBIT 10,780 - Interest 800 = Taxable income 9,980 - Taxes 3,293 = Net income 6,687 Attempt 4/10 for 10 pts. Part 1 What is the total debt ratio (including all liabilities)? .72 Correct Total debt ratio = Total debt Total assets = 118,000 165,000 = 0.715 Attempt 1/10 for 10 pts. Part 2 What is the times-interest-earned ratio?
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