The following information is available from the 2024 financial statements of Bridgeport Inc. and Ivanhoe Ltd.:...
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The following information is available from the 2024 financial statements of Bridgeport Inc. and Ivanhoe Ltd.: Income tax expense Interest expense Net income Total assets Total current liabilities Total liabilities 1 Debt to total assets 2 Times interest earned eTextbook and Media (in millions) Bridgeport Inc. Ivanhoe Ltd. $440 520 List of Accounts Save for Later 735 24.790 6,010 (a) Based on the information given calculate the following ratios for each company: (Round answers to 1 decimal place, e.g.2.2.) Bridgeport Inc. Ivanhoe Ltd. 16.560 $850 1460 1030 37,565 14,149 31896 times times Attempts: 0 of 1 used Submit Answer The following information is available from the 2024 financial statements of Bridgeport Inc. and Ivanhoe Ltd.: Income tax expense Interest expense Net income Total assets Total current liabilities Total liabilities 1 Debt to total assets 2 Times interest earned eTextbook and Media (in millions) Bridgeport Inc. Ivanhoe Ltd. $440 520 List of Accounts Save for Later 735 24.790 6,010 (a) Based on the information given calculate the following ratios for each company: (Round answers to 1 decimal place, e.g.2.2.) Bridgeport Inc. Ivanhoe Ltd. 16.560 $850 1460 1030 37,565 14,149 31896 times times Attempts: 0 of 1 used Submit Answer
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Debt to total assets ratio total liabilitiestotal assets 100 Time interes... View the full answer
Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
Posted Date:
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