Key figures for Polaris and Arctic Cat follow. Required 1. Compute times interest earned for the three
Question:
Required
1. Compute times interest earned for the three years data shown for each company.
2. Comment on which company appears stronger in its ability to pay interest obligations if income should decline. Assume an industry average of20.
Transcribed Image Text:
Arctic Cat One Two Current Year Years Current Year Years Prior Prior Polaris One Prior Two ($ thousands) Net income .. $%227,575 $147,138 $101,017 $13,007 $1,875 $(9.508) Income taxes... Interest expense... Year Prior Year 905 40 057 524 (777 (6.247) 250 015 3,987 2,680 4.11I
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1 PolarisTimes interest earned thousands Current Year One Year Prior Two Years Prior Net income 2275...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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