Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable...
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Intro Use the following information to answer the questions: Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Net fixed assets Total assets Liabilities and Equity 13,000 Accounts payable 19,000 2,000 Notes payable 6,000 3,000 Current liabilities 25,000 33,000 Long-term debt 95,000 51,000 Total liabilities 120,000 34,000 Paid-in capital 20,000 80,000 Retained earnings 25,000 114,000 Equity 45,000 165,000 Total liab. & equity 165,000 Line item Value Sales 68,000 - Costs 55,760 - Depreciation 2,000 = EBIT 10,240 - Interest 800 = Taxable income 9,440 - Taxes 3,115 Net income 6,325 Attempt 1/10 for 10 pts. Part 2 What is the times-interest-eared ratio? 1+ decimals Submit
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