Question

mework Ch 15 6 $ 1,230 9,000 13,300 640 24,170 $ 1,330 6,780 10,700 589 19,310 Assets Current assets Cash Accounts receivable, n Inventory Prepaid expenses Total current assets Property and equipment: Land Buildings and equipment, net Total property and equipment Total assets Liabilities and Stockholders. Equit current liabilities: Accounts payable Accrued liabilities Notes payable, short Total current liabilitie Long-term liabilities: 9,200 49,530 158,730 $82,900 9,200 40,520 49,720 $69,030 $20,120 $17,600 89€ 18,730 21,630 3,500 29,530 8,500 27,230 en 80 010000 to PUPP od 60 OGO0010 late UW OOR DEC TER 0 0 US OU TOOLS od UCC IDE Q10 ie H0 Ft 00 W t 0 2,600 4,920 6.900 47.970 53,376 $82,900 2,000 4,900 6,000 35,800 41,300 $69,030 Sequity and stockho. Next search

Answer 1

Times Interest earned ratio (Earning before interest & taxes / Interest expenses)	$20,600 / $850 =24.24
Debt to equity ratio(Total Liabilities / Total shareholders equity)	$29,530 / $53,370 =0.55
Equity Multiplier(Average Total Assets / Average Shareholder's equity)	$75,965/$47,585 =1.60
Average Total Assets =($82,900+$69,030)/2 =$75,965
Average Shareholder's equity =($53,370+$41,800)/2 =$47,585