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Type your answer in the box. If the company's times interest earned ratio is 8 times...
Type your answer in the box. If the company's fixed charge coverage ratio is 4.5 times...
Type your answer in the box. If the company's fixed charge coverage ratio is 4.5 times and income before fixed charges and taxes is $450,000, the company has a fixed charges balance of whole number and include the dollar sign and commas, as appropriate). (round to the nearest
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio...
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
8. Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data...
8. Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $150,000 $235,000 Current maturities of serial bonds payable 310,000 310,000 Serial bonds payable, 10% 1,630,000 1,940,000 Common stock, $1 par value 80,000 110,000 Paid-in capital in excess of par 920,000 920,000 Retained earnings 3,180,000 2,520,000 The income before income tax was $679,000...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 Net Sales (Millions of dollars) 700 280 Variable costs Fixed costs 245 $525.00 Total Operating costs 175 Operating Income (or EBIT) Less interest 50 125 Earnings...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 700 Variable costs 280 Fixed costs 245 Total Operating Costs $525.00 175 Operating Income (or EBIT) Less interest 50 Earnings before...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula is EBIT/Interest Expense. Complete a debt analysis for this company. * Calculate AND interpret the debt ratio, the times-interest-earned ratio, the fixed-payment coverage ratio * Make a credit decision. Based on the loan request and on your analysis, would you approve or deny the loan request? As always, show ALL of your work. P3-18 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data were...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $340,000 $101,000 Current maturities of serial bonds payable 230,000 230,000 Serial bonds payable, 10% 930,000 1,160,000 Common stock, $1 par value 50,000 70,000 Paid-in capital in excess of par 550,000 550,000 Retained earnings 1,900,000 1,510,000 The income before income tax was $359,600 and...
Type your answer in the box. Using the following information, determine the cash flow from operating...
Type your answer in the box. Using the following information, determine the cash flow from operating activties for the year 2014. Net income is $75,000 and depreciation expense for the year is $50,000. (Enter the nearest whole number and include the dollar sign and comma(s), as appropriate) Year-end 2013 Year-end 2014 $20,000 Cash Accounts receivable (net) $150,000 Inventory Accounts payable Salaries payable Notes Bonds payable $40,000 $180,000 $180,000 $160,000 $30,000 $5,000 $20,000 $0 $15,000 $60,000 $50,000 The cash flow from...
The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating...
The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Purple Panda Importers and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 1400 Variable costs 560 Fixed costs 490 Total Operating Costs $1,050.00 Operating Income (or EBIT) 350 Less interest 50 Earnings before Taxes (EBT) 300 Less taxes...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
Type your answer in the box. If the company's fixed charge coverage ratio is 4.5 times and income before fixed charges and taxes is $450,000, the company has a fixed charges balance of whole number and include the dollar sign and commas, as appropriate). (round to the nearest
5. Times interest earned ratio. (Round your answer to 2 decimal places.) Times interest earned ratio 6. Average collection period. (Use 365 days in a year. Round your answer to 1 decimal place.) Average collection period days 7. Average sale period. (Use 365 days in a year. Round your intermediate and final answer to 1 decimal place.) Average sale period days Operating cycle. (Round your intermediate calculations and final answers to 1 decimal place.) Operating cycle The financial statements for...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 Net Sales (Millions of dollars) 700 280 Variable costs Fixed costs 245 $525.00 Total Operating costs 175 Operating Income (or EBIT) Less interest 50 125 Earnings...
10. Times-interest-earned (TIE) ratio The times-interest-earned (TIE) ratio shows how well a firm can cover its interest payments with operating income. Compare the income statements of Lost Pigeon Aviation and Happy Turtle Transporters Inc. and calculate the TIE ratio for each firm. Lost Pigeon Aviation Income Statement For the Year Ended on December 31 (Millions of dollars) Net Sales 700 Variable costs 280 Fixed costs 245 Total Operating Costs $525.00 175 Operating Income (or EBIT) Less interest 50 Earnings before...
PLEASE NOTE: There is a typo in your book regarding the Times-Interest-Earned Ratio. The correct formula is EBIT/Interest Expense. Complete a debt analysis for this company. * Calculate AND interpret the debt ratio, the times-interest-earned ratio, the fixed-payment coverage ratio * Make a credit decision. Based on the loan request and on your analysis, would you approve or deny the loan request? As always, show ALL of your work. P3-18 Debt analysis Springfield Bank is evaluating Creek Enterprises, which has...
Type your answer in the box. Using the following information, determine the cash flow from operating activties for the year 2014. Net income is $75,000 and depreciation expense for the year is $50,000. (Enter the nearest whole number and include the dollar sign and comma(s), as appropriate) Year-end 2013 Year-end 2014 $20,000 Cash Accounts receivable (net) $150,000 Inventory Accounts payable Salaries payable Notes Bonds payable $40,000 $180,000 $180,000 $160,000 $30,000 $5,000 $20,000 $0 $15,000 $60,000 $50,000 The cash flow from...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
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