Intro Use the following information to answer the questions: Liabilities and Equity Assets Cash 17,000...
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Accounting
Intro Use the following information to answer the questions: Liabilities and Equity Assets Cash 17,000 Accounts payable 14,000 2.000 Marketable securities 6,000 Notes payable Accounts receivable 6,000 Current liabilities 23,000 Inventory 95,000 39,000 Long-term debt 61,000 Current assets 118,000 Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate Net fixed assets 80,000 Retained earnings 37.000 114,000 Equity 57,000 175,000 Total liab. & equity 175,000 Total assets Line item Value Sales 70,000 - Costs 57,400 - Depreciation 2.000 = EBIT 10,600 - Interest 800 = Taxable income 9,800 Taxes 3,234 = Net income 6,566 Attempt 1/3 for 10 pts Part 1 What is the times-interest-earned ratio? 1+ decimals Submit
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