Question: Please explain step by step on how you got the answers From the financial statements given below, calculate the total debt to total capital and

 Please explain step by step on how you got the answers

Please explain step by step on how you got the answers

From the financial statements given below, calculate the total debt to total capital and times-interest-earned ratios. Roberts Manufacturing Balance Sheet December 31, 2014 (Dollars in Thousands) Cash Receivables Inventory Total current assets Net fixed assets $ 200 245 625 $1,070 1,200 Accounts payable Accruals Notes payable to bank Total current liabilities Long-term debt Common equity Total liabilities and equity $ 205 115 425 $ 745 420 1,105 $2,270 Total assets $2.270 Roberts Manufacturing Income Statement for Year Ended December 31, 2014 (Dollars in Thousands) $2,400 $1,000 600 89 65 80 Sales Cost of goods sold: Materials Labor Heat, light, and power Indirect labor Depreciation Gross profit Selling expenses General and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (40%) Net income (NI) 1,834 $566 175 216 $ 175 35 $ 140 56 $ 84

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