Question: Current Attempt in Progress The following selected information (in thousands) is available for Carla Vista Inc.: 2024 2023 Total assets $3,885 $3,734 Total liabilities

Current Attempt in Progress The following selected information (in thousands) is available

Current Attempt in Progress The following selected information (in thousands) is available for Carla Vista Inc.: 2024 2023 Total assets $3,885 $3,734 Total liabilities 2,175 1,961 Interest expense 31 19 Income tax expense 177 146 Profit for the year 400 382 Cash provided by operating activities 910 570 Cash used by investing activities 468 309 (a) Calculate the following solvency ratios of Carla Vista Inc. for 2024 and 2023. (Round debt to total assets and interest coverage answers to 1 decimal place, e.g. 52.7 or 52.7%. Enter amounts in thousands.) Debt to total assets Free cash flow 2024 % times Interest coverage $ 2023 % times

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!