Homework Answers
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Times interest earned ratio = (Pretax income + Interest expense) / interest expense = (2,625,225+750,000)/750,000 = 3,375,225/750,000 = 4.5 times |
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Topic: Solvency ratio LO: 4 10. Use the selected balance sheet and income statement information below...
Topic: Liquidity ratio LO: 4 11. Use the selected balance sheet and income statement information below...
Topic: Liquidity ratio LO: 4 11. Use the selected balance sheet and income statement information below for Brahtz, Inc. to compute the current ratio. Explain what information this ratio provides. Current assets $25,725,338 Current liabilities $8,955,000 Pretax income Interest expense $2,625,225 $750,000
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2012 through 2014 follows (5 millions). Total Current Total Current Pretax Interest Total Stockholders Assets Liabilities Income Expense Assets Equity 2012 $19,991 $16,714 $11,609 $2,521 $164,971 $49,796 2013 14,075 18,912 11,115 2,574 158,813 51,058 2014 13,531 17,410 12,465 2,617 159,339 53,068 a. Compute the current ratio for each year. (Round your answers to one decimal place.) Current Ratio 2012 2013 2014 b....
E4-38. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from...
E4-38. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications Inc. for 2012 and 2011 follows ($ millions). Total Current Assets - Total Current Liabilities - Income Before Interest and Taxes - Interest Expense, Gross - Total Liabilities - Stockholders’ Equity 2015. . . . . . $22,280 $35,052 $32,974 $4,920 $226,798 $17,842 2014. . . . . . 29,499 27,987 21,379 4,915 218,940 13,676 a. Compute the current ratio for each...
E4-37. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from...
E4-37. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions). Total Income Before Interest and Taxes Total Current Liabilities Current Assets Interest Expense Total Liabilities* Stockholders' Equity 2015. .... $12,303 2014..... 13,531 $18,178 17,410 $15,673 15,001 $2,702 2,617 $112,596 106,118 $53,978 53,068 *Includes redeemable noncontrolling interests a. Compute the current ratio for each year and discuss any trend in liquidity. Do you believe the com-...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and cash equivalents $4,145,691 $4,170,993 Restricted cash 160,989 111,185 Net receivables 515,381 499,142 Inventory 2,263,537 2,067,454 Other current assets 268,365 194,465 Current assets 7,353,963 7,043,239 Current liabilities 7,674,670 5,827,005 Total liabilities 23,022,980 16,750,167 Stockholders' equity 6,410,169 6,691,686 Year ended December 31, 2017 Loss before income taxes $(2,209,032) Interest...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows (in millions) 2015 Current assets $29,623 570.994 Current liabilities 28,064 27.050 Total liabilities 219.032 178,682 Equity 13,676 95,416 Earnings before interest and taxes 20,185 31,944 Interest expense 4,915 2,667 Net cash flow from operating activities 30,631 38,818 a. Compute the current ratio for each year. Round answers to two decimal places. 2014 2013 b. Compute times interest earned (TIE), the debt-to-equity...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and cash equivalents $3,701,247 $3,726,549 Restricted cash 156,545 106,741 Net receivables 515,381 499,142 Inventory 2,263,537 2,067,454 Other current assets 268,365 194,465 Current assets 6,905,075 6,594,351 Current liabilities 7,674,670 5,827,005 Total liabilities 23,022,980 16,750,167 Stockholders' equity 5,965,725 6,247,242 Year ended December 31, 2017 Loss before income taxes $(2,209,032) Interest...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows (s thousan December 31 2017 2016 Cash and cash equivalents $3.367,914 53.393.216 Restricted cash 155,323 105,519 Net receivables 515.381 499,142 Inventory 2,263,537 2,067.454 Other current assets 268.365 194,465 Current assets 6,570,520 6,259,796 Current liabilities 7,674,670 5.827,005 Total liabilities 23,022.980 16.750.167 Stockholders' equity 5,632.392 5.913.909 Year ended December 31, 2017 Loss before income taxes 512,209,032) Interest...
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and...
Selected balance sheet, income
statement and cash flow statement information from Tesla, Inc. for
2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and
cash equivalents $4,034,580 $4,059,882 Restricted cash 159,878
110,074 Net receivables 515,381 499,142 Inventory 2,263,537
2,067,454 Other current assets 268,365 194,465 Current assets
6,570,520 6,259,796 Current liabilities 7,241,741 6,931,017 Total
liabilities 23,022,980 16,750,167 Stockholders' equity 6,299,058
6,580,575 Year ended December 31, 2017 Loss before income taxes
$(2,209,032) Interest expense 537,925 Cash flows from operating
activities...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Calpine Corporation for 2004 and 2006 follows. ($ millions) 2004 2006 Cash $ 1,256.73 $ 1,523.36 Accounts receivable 1,097.16 735.30 Current assets 3,313.56 3,268.33 Current liabilities 3,285.39 6,057.95 Long-term debt 17,150.81 3,531.63 Short-term debt 1,033.96 4,568.83 Total liabilities 22,898.42 25,503.17 Interest expense 1,516.90 1,288.29 Capital expenditures 1,545.48 211.50 Equity 4,587.67 (7,152.90) Cash from operations 19.89 335.98 Earnings before interest and taxes 1,659.84 1,907.84 (a)...
Topic: Liquidity ratio LO: 4 11. Use the selected balance sheet and income statement information below for Brahtz, Inc. to compute the current ratio. Explain what information this ratio provides. Current assets $25,725,338 Current liabilities $8,955,000 Pretax income Interest expense $2,625,225 $750,000
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2012 through 2014 follows (5 millions). Total Current Total Current Pretax Interest Total Stockholders Assets Liabilities Income Expense Assets Equity 2012 $19,991 $16,714 $11,609 $2,521 $164,971 $49,796 2013 14,075 18,912 11,115 2,574 158,813 51,058 2014 13,531 17,410 12,465 2,617 159,339 53,068 a. Compute the current ratio for each year. (Round your answers to one decimal place.) Current Ratio 2012 2013 2014 b....
E4-37. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2015 and 2014 follows ($ millions). Total Income Before Interest and Taxes Total Current Liabilities Current Assets Interest Expense Total Liabilities* Stockholders' Equity 2015. .... $12,303 2014..... 13,531 $18,178 17,410 $15,673 15,001 $2,702 2,617 $112,596 106,118 $53,978 53,068 *Includes redeemable noncontrolling interests a. Compute the current ratio for each year and discuss any trend in liquidity. Do you believe the com-...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows (in millions) 2015 Current assets $29,623 570.994 Current liabilities 28,064 27.050 Total liabilities 219.032 178,682 Equity 13,676 95,416 Earnings before interest and taxes 20,185 31,944 Interest expense 4,915 2,667 Net cash flow from operating activities 30,631 38,818 a. Compute the current ratio for each year. Round answers to two decimal places. 2014 2013 b. Compute times interest earned (TIE), the debt-to-equity...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and 2016 follows (s thousan December 31 2017 2016 Cash and cash equivalents $3.367,914 53.393.216 Restricted cash 155,323 105,519 Net receivables 515.381 499,142 Inventory 2,263,537 2,067.454 Other current assets 268.365 194,465 Current assets 6,570,520 6,259,796 Current liabilities 7,674,670 5.827,005 Total liabilities 23,022.980 16.750.167 Stockholders' equity 5,632.392 5.913.909 Year ended December 31, 2017 Loss before income taxes 512,209,032) Interest...
Selected balance sheet, income
statement and cash flow statement information from Tesla, Inc. for
2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and
cash equivalents $4,034,580 $4,059,882 Restricted cash 159,878
110,074 Net receivables 515,381 499,142 Inventory 2,263,537
2,067,454 Other current assets 268,365 194,465 Current assets
6,570,520 6,259,796 Current liabilities 7,241,741 6,931,017 Total
liabilities 23,022,980 16,750,167 Stockholders' equity 6,299,058
6,580,575 Year ended December 31, 2017 Loss before income taxes
$(2,209,032) Interest expense 537,925 Cash flows from operating
activities...
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