calculate What is the firm's debt ratio? Balance Sheet Current assets Cash 820,000 Acc receivable not given
Fantastic news! We've Found the answer you've been seeking!
Question:
calculate What is the firm's debt ratio?
Balance Sheet
Current assets
Cash 820,000
Acc receivable not given
Inventories 1,090,000
Fixed assets 3,400,000
TOTAL ASSETS 6,800,000
Current liabilities
Acc payable not given
Long-term debt 2,000,000
Common stock 950,000
Retained earnings 3,390,000
TOTAL LIAB and EQUITY 6,800,000
Income Statement
Sales 20,400,000
Operating expense 16,120,000
EBIT 4,280,000
Interest expense 280,000
EBT 4,000,000
Taxes 1,600,000
Net income 2,400,000
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date: