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The following data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands. Account Title Current assets Total assets Current liabilities Total liabilities. Stockholders' equity Interest expense Income tax expense Net income Meme-Me Corporation $136,091 232,923 34,742 54,704 Req A Req B and C 178, 219 120 4,237 31,264 Required a. Calculate the EBIT for each company b. Calculate each company's debt-to-assets ratio, current ratio, and the times-Interest-earned ratio. c. Calculate each company's return-on-assets ratio using EBIT Instead of net earnings. Calculate each company's return-on-equity ratio using net earnings. d. Meme-Me Corporation reported interest expense of $120 million, before taxes. What was Its after-tax Interest expense in dollars? (Hint You will need to compute its tax rate by dividing Income tax expense by earnings before taxes, which must be computed.) Req D Sozhal Incorporated $50,733 98,264 7,072 13, 562 84,695 Complete this question by entering your answers in the tabs below. 28 3,317 22,861

The followng data are for the 2018 fiscal year of Meme-Me Corporation and Sozhal Incorporated. All dollar amounts are in thousands. Required Q. Calculate the EBIT for each company b. Calculate each company's debt-to-assets ratio, current ratio, and the times-interest-earned ratio. c. Calculate each company's return-on-assets rato using EBiT instead of net earnings. Calculate each company's return-on-equity ratio using net earnings. d. Meme-Me Corporation reported interest expense of $120 million, before taxes. What was its after-tax interest expense in dollars? (Hint You will need to compute its tax rate by dividing income tax expense by earnings before taxes, which must be computed.) Complete this question by entering your answers in the tabs below

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