0. Granger Corporation reports the following amounts in their 2021 financial statements: At December 31, 2021...
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0. Granger Corporation reports the following amounts in their 2021 financial statements: At December 31, 2021 For the Year 2021 Total assets Total liabilities Interest expense Income tax expense Net income $1,900,000 1,510,000 Instructions O abnorm (a) Compute the debt to assets ratio at December 31, 2021. (b) Compute times interest earned for 2021. (Worth 2.5 points) $26,000 140,000 170,000 0. Granger Corporation reports the following amounts in their 2021 financial statements: At December 31, 2021 For the Year 2021 Total assets Total liabilities Interest expense Income tax expense Net income $1,900,000 1,510,000 Instructions O abnorm (a) Compute the debt to assets ratio at December 31, 2021. (b) Compute times interest earned for 2021. (Worth 2.5 points) $26,000 140,000 170,000
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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