Beachwood Manufacturing Inc.'s summarized financial data are shown as follows (amounts are in thousands): Net income...

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Beachwood Manufacturing Inc.'s summarized financial data are shown as follows (amounts are in thousands): Net income Depreciation expense Interest expense Income tax expense Cash Current liabilities ¹ Current portion of bank loan payable Bank loan payable, long-term portion Shareholders' equity 2018 2019 2020 Debt to equity ratio % % 2018 $1,476 % 167 210 471 69 823 554 2,216 5,965 2019 $2,316 178 472 734 162 1,101 1,127 4,508 7,841 2020 ¹The current liabilities include the current portion of bank loan payable. (a) Calculate the debt to equity, net debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 1.2 or 1.2%.) $2,856 212 600 907 319 1,677 1,266 5,064 10,013 Net debt as a percentage of total capitalization % % Interest coverage times times times Beachwood Manufacturing Inc.'s summarized financial data are shown as follows (amounts are in thousands): Net income Depreciation expense Interest expense Income tax expense Cash Current liabilities ¹ Current portion of bank loan payable Bank loan payable, long-term portion Shareholders' equity 2018 2019 2020 Debt to equity ratio % % 2018 $1,476 % 167 210 471 69 823 554 2,216 5,965 2019 $2,316 178 472 734 162 1,101 1,127 4,508 7,841 2020 ¹The current liabilities include the current portion of bank loan payable. (a) Calculate the debt to equity, net debt as a percentage of total capitalization, and interest coverage ratios. (Round answers to 1 decimal place, e.g. 1.2 or 1.2%.) $2,856 212 600 907 319 1,677 1,266 5,064 10,013 Net debt as a percentage of total capitalization % % Interest coverage times times times

Answer rating: 100% (QA)

To calculate the requested ratios well use the following formulas Debt to equity ratio Total Debt Sh... View the full answer