Homework Answers
| Answer | |||
| a | |||
| Current ratio = Current assets/current liabilities | |||
| 2012 | $ 1.20 | 19991/16714 | |
| 2013 | $ 0.74 | 14075/18912 | |
| 2014 | $ 0.78 | 13531/17410 | |
| b | |||
| Times interest earned: | |||
| 2012 | $ 4.60 | 11609/2521 | |
| 2013 | $ 4.32 | 11115/2574 | |
| 2014 | $ 4.76 | 12465/2617 | |
| Debts to equity: | |||
| 2012 | $ 2.31 | 115175/49796 | |
| 2013 | $ 2.11 | 107755/51058 | |
| 2014 | $ 2.00 | 106271/53068 | |
| Working Note | |||
| 2012 | 2013 | 2014 | |
| Total Assets | $ 164,971 | $ 158,813 | $ 159,339 |
| Shareholders equity | $ 49,796 | $ 51,058 | $ 53,068 |
| Debt= Assets - shareholder equity | $ 115,175 | $ 107,755 | $ 106,271 |
| Debt to Equity ratio = Debt/Equity | 2.31 | 2.11 | 2.00 |
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