subject
Business, 19.10.2021 14:00 bellamvento

Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $170,000 $270,000 Current maturities of serial bonds payable 360,000 360,000 Serial bonds payable, 10% 1,880,000 2,240,000 Common stock, $1 par value 100,000 120,000 Paid-in capital in excess of par 1,060,000 1,070,000 Retained earnings 3,660,000 2,910,000 The income before income tax expense was $784,000 and $686,000 for the current and previous years, respectively. a. Determine the ratio of liabilities to stockholders' equity at the end of each year.
b. Determine the times interest earned ratio for both years. Round to one decimal place. Current year fill in the blank 3 Previous year fill in the blank 4

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 14:30
The legal form of business ownership that is owned by many people is called a
Answers: 2
question
Business, 22.06.2019 13:30
Hundreds of a bank's customers have called the customer service call center to complain that they are receiving text messages on their phone telling them to access a website and enter personal information to resolve an issue with their account. what action should the bank take?
Answers: 2
question
Business, 22.06.2019 17:00
Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court.the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court.because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located.because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center.because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.
Answers: 1
question
Business, 23.06.2019 02:00
Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Answers: 3
You know the right answer?
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken...
Questions
question
History, 09.12.2020 02:00
question
Mathematics, 09.12.2020 02:00
question
Mathematics, 09.12.2020 02:10
question
History, 09.12.2020 02:10
question
English, 09.12.2020 02:10
Questions on the website: 13722363