Shoppers Drug Mart reported the following selected financial data (in thousands) for a recent year: Interest expense
Question:
Interest expense ...................................................... $ 64,038
Income tax expense .................................................. 232,933
Profit ................................................................... 613,934
Total assets ............................................................ 7,300,310
Total liabilities ....................................................... 3,032,480
Cash provided by operating activities .............................. 973,838
Cash used by investing activities .................................... 349,172
Calculate the following ratios:
(a) Debt to total assets,
(b) Interest coverage, and
(c) Free cash flow?
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Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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