90.2K

Verified Solution

Link Copied!

missing requirements

The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Csck the icon to view the acoounting records.) Read the requitements. Requirement 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-torm liabitisies. Select the labels and then enter the amounts to complete the classified batance sheet. You will need to dotermine the total current assets value from the information provided and your calculations. (Abbreviations usod: liab, = liabeities, NP = notes payable, and pay. = payable.) Data table 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. 2. Answer the following questions about Brigham Food's financial position at December 31 , 2021: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. How many times did Brigham Foods cover its interest expense during 2021 ? 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? The accounting records of Brigham Foods, Inc., include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Reod the requirements. Requirement 2. Answer the following questions about Brigham Foods financial position at Docember 31, 2021: a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? b. Why is the interest payable amount so much less than the amount of interest expenso? Interest payable is the The accounting records of Brigham Foods, inc., include the following items at December 31. 2021: (Click the icon to view the accounting records.) Read the reguirements. a. What is the carrying amount of the bonds payable (oombine the current and long-term accounts)? b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Brigham Foods cover its interest expense during 2021? (Round your answer to fwo decimal places.) Brigham covered its interest expense times. Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratos in this problem. Evaluate the health of the company from a loverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? The accounting reoords of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and colculate the loverage ratio. (Round your answer to two decimal places.) Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio. (Round your answer to two decimal places.) =Debtratio= Evaluate the health of the company from a leverege point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places.) The company's debt ratio and leverage ratios are , and operating income covers interest payments by The accounting records of Brigham Foods, Inc., include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio. (Round your answer to two decimal piaces.) =Debtratio Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluabion? (Round the ratio to two decimal placos.) The company's debt ratio and leverage ratios are . and operating income covers interest payments by With this limited information, the company appears to be rikk from a loverage point of view. would aso be helpful. The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Csck the icon to view the acoounting records.) Read the requitements. Requirement 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-torm liabitisies. Select the labels and then enter the amounts to complete the classified batance sheet. You will need to dotermine the total current assets value from the information provided and your calculations. (Abbreviations usod: liab, = liabeities, NP = notes payable, and pay. = payable.) Data table 1. Show how each relevant item would be reported on the Brigham Foods classified balance sheet. Include headings and totals for current liabilities and long-term liabilities. 2. Answer the following questions about Brigham Food's financial position at December 31 , 2021: a. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Why is the interest-payable amount so much less than the amount of interest expense? 3. How many times did Brigham Foods cover its interest expense during 2021 ? 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratios in this problem. Evaluate the health of the company from a leverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? The accounting records of Brigham Foods, Inc., include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. The accounting records of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Reod the requirements. Requirement 2. Answer the following questions about Brigham Foods financial position at Docember 31, 2021: a. What is the carrying amount of the bonds payable (combine the current and long-term accounts)? b. Why is the interest payable amount so much less than the amount of interest expenso? Interest payable is the The accounting records of Brigham Foods, inc., include the following items at December 31. 2021: (Click the icon to view the accounting records.) Read the reguirements. a. What is the carrying amount of the bonds payable (oombine the current and long-term accounts)? b. Why is the interest payable amount so much less than the amount of interest expense? Interest payable is the Interest expense is the Requirement 3. How many times did Brigham Foods cover its interest expense during 2021? (Round your answer to fwo decimal places.) Brigham covered its interest expense times. Requirement 4. Assume that all of the existing liabilities are included in the information provided. Calculate the leverage ratio and debt ratio of the company. Use year-end figures in place of averages where needed for the purpose of calculating ratos in this problem. Evaluate the health of the company from a loverage point of view. Assume the company only has common stock issued and outstanding. What other information would be helpful in making your evaluation? The accounting reoords of Brigham Foods, Inc, include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements. Begin by computing the leverage ratio. Select the formula for the leverage ratio. Then complete the formula and colculate the loverage ratio. (Round your answer to two decimal places.) Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio. (Round your answer to two decimal places.) =Debtratio= Evaluate the health of the company from a leverege point of view. What other information would be helpful in making your evaluation? (Round the ratio to two decimal places.) The company's debt ratio and leverage ratios are , and operating income covers interest payments by The accounting records of Brigham Foods, Inc., include the following items at December 31, 2021: (Click the icon to view the accounting records.) Read the requirements Now, select the formula for the debt ratio. Then complete the formula and calculate the debt ratio. (Round your answer to two decimal piaces.) =Debtratio Evaluate the health of the company from a leverage point of view. What other information would be helpful in making your evaluabion? (Round the ratio to two decimal placos.) The company's debt ratio and leverage ratios are . and operating income covers interest payments by With this limited information, the company appears to be rikk from a loverage point of view. would aso be helpful

Answer & Explanation Solved by verified expert

See Answer