Dollarama Inc. reported the following selected financial data (in thousands) for a recent year: Interest expense...............................................$19,959 Income
Question:
Dollarama Inc. reported the following selected financial data (in thousands) for a recent year:
Interest expense...............................................$19,959
Income tax expense..........................................107,195
Profit...........................................................295,410
Total assets..................................................1,700,838
Total liabilities.................................................960,358
Cash provided by operating activities.....................355,872
Cash used by investing activities.............................84,244
Calculate the following ratios:
(a) Debt to total assets,
(b) Interest coverage,
(c) Free cash flow.
Step by Step Answer:
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak