The income statement for Virginia Communications follows. Assume Virginia Communications signed a 120-day, 6%, $10,000 note on
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Requirements
1. Fill in the missing information for Virginias year ended July 31, 2016, income statement.
2. Compute the times-interest-earned ratio for the company.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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