Dow Jones & Co., Inc., and New York Times Co. are major publishers of financial and general

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Dow Jones & Co., Inc., and New York Times Co. are major publishers of financial and general news and information. Condensed financial information for both companies for a recent year is as follows: Recent year income statement information:


Dow Jones & Co., Inc., and New York Times Co.


Recent year balance sheet information:

Dow Jones & Co., Inc., and New York Times Co.


a. Determine the following ratios for each company (round to two decimal places):
(1) Ratio of fixed assets to long-term liabilities.
(2) Ratio of liabilities to stockholders' equity.
(3) Number of times interest charges were earned.
b. Compare the debt position of the two companies from the ratios in part(a).

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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