Question: Using the financial statement attachment, what is the times interest earned ratio for fiscal year 2013? 162.6 times per year 271.5 times per year 26.2

 Using the financial statement attachment, what is the times interest earnedratio for fiscal year 2013? 162.6 times per year 271.5 times peryear 26.2 times per year 40.8 times per year CONSOLIDATED BALANCE SHEETSin thousands except share amounts) March 2, 2013 February 25, 2012 ASSETS

Using the financial statement attachment, what is the times interest earned ratio for fiscal year 2013?

162.6 times per year

271.5 times per year

26.2 times per year

40.8 times per year

CONSOLIDATED BALANCE SHEETS in thousands except share amounts) March 2, 2013 February 25, 2012 ASSETS Current assets Cash and cash equivalents, including temporary investments Accounts receivable, net of allowance for Inventories of $191,568 and $248,624, respectively S 231,556 $ 287,868 doubtful accounts of S497 and $502, respectively 22,309 356,053 49,016 658,934 16,282 322,482 23,682 650,314 Prepaid expenses and other current assets Total current assets Properties, net Other noncurrent assets 150,615 47,666 103,640 69,409 S 823,363 $ 857,215 LIABILITES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable Gift cards and other deferred revenue Accrued income taxes payable Other accrued liabilities S 58,701 51,740 25,249 112,437 248,127 S 63,827 53,123 16,759 111,679 245,388 Total current liabilities Long-term debt Other noncurrent liabilities 9,500 62,457 9,500 74,832 Shareholders' equity: Common stock, $0.001 par, 500,000,000 shares authorized 125,232,000 issued Paid-in capital Retained earnings Cumulative other comprehensive l Less 18,906,000 and 15,512,000 common shares in 125 233,518 574,206 4,828) 125 231,919 462,751 (4,473) oss (196,679) 493,643 treasury, at cost, respectively 265,890 537,131 Commitments and contingencies S 857,215 S 823,363

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!