Current Attempt $in$ Progress

$On$ January $1,2025,$ Carla Vista Corporation signed a ten$-$year noncancelable lease for certain machinery. The terms $of$ the lease called for Carla Vista $to$ make annual payments $of\frac{?}{(\frac{?}{?}\text{\$}170015\frac{?}{?})}at$ the end $of$ each year for ten years with the title passing $to$ Carla Vista $at$ the end $of$ this period. The machinery has $an$ estimated useful life $of15$ years and $no$ salvage value. Carla Vista uses the straight$-$line method $of$ depreciation for all $of$ its fixed assets. Carla Vista accordingly accounted for this lease transaction $as$ a finance lease. The lease payments were determined $to$ have a present value $of\frac{?}{(\frac{?}{?}\text{\$}1140814\frac{?}{?})}atan$ effective interest rate $of\frac{?}{(8\frac{?}{?}\%\frac{?}{?}).}$ With respect $to$ this lease, Carla Vista should record for $2025$

lease expense $of\frac{?}{(\frac{?}{?}\text{\$}170015\frac{?}{?}).}$

interest expense $of\frac{?}{(\frac{?}{?}\text{\$}75265\frac{?}{?})}$ and amortization expense $of\frac{?}{(\frac{?}{?}\text{\$}76054\frac{?}{?}).}$

interest expense $of\frac{?}{(\frac{?}{?}\text{\$}91265\frac{?}{?})}$ and amortization expense $of\frac{?}{(\frac{?}{?}\text{\$}76054\frac{?}{?}).}$

interest expense $of\frac{?}{(\frac{?}{?}\text{\$}76054\frac{?}{?})}$ and amortization expense $of\frac{?}{(\frac{?}{?}\text{\$}64720\frac{?}{?}).}$

Current Attempt $in$ Progress

Ivanhoe Company's $2025$ financial statements contain the following selected data:

Ivanhoe's times interest earned for $2025is$

$4\mathrm{.}2$ times.

$6\mathrm{.}1$ times.

$5\mathrm{.}1$ times.

$3\mathrm{.}2$ times.

Current Attempt $in$ Progress

$In$ a recent year, Cullumber Corporation had net income $of$ $$746000,$ interest expense $of$ $$146000,$ and a times interest earned ratio $of9.$

What was Cullumber Corporation's income before taxes for the year?

$$943111$

$$1314000$

$$1460000$

$$1168000$ Gurrent Attempt $in$ Progress

$In$ the past year, Cullumber Corporation reported assets $of$ $$231000000.$ Liabilities reported $on$ the balance sheet $on$ the same date were

reported $at$ $$69089594.$ Cullumber issued a new note payable for cash during the year. The $8\%,5-$year note was issued $at$ a face value $of$

$$5021000.$ What $is$ the company's debt $to$ asset ratio after the refinance?

$29\mathrm{.}27\%$

$31\mathrm{.}40\%$

$29\mathrm{.}91\%$

$32\mathrm{.}08\%$Current Attempt $in$ Progress

$In$ the past year Wildhorse Corporation had net income $of$ $$208000,$ interest expense $of$ $$53000,$ and tax expense $of$ $$87000.$ During the

current year, Wildhorse refinanced their debt $so$ interest expense $is$ now $$40000.$ Net Income $is$ expected $tobe$ $$248000$ and the tax

expense $is$ expected $tobe$ $$104000.$ What $is$ Wildhorse Corporation's times interest earned after the changes?

$9\mathrm{.}80$

$6\mathrm{.}20$

$7\mathrm{.}03$

$2\mathrm{.}38$