Business, 13.12.2019 22:31, majestyic1207

The balance sheet for shaver corporation reported the following: cash, $8,500; short-term investments, $13,500; net accounts receivable, $42,000; inventories, $47,000; prepaids, $13,500; equipment, $101,000; current liabilities, $47,000; notes payable (long-term), $77,000; total stockholders’ equity, $101,500; net income, $4,020; interest expense, $5,800; income before income taxes, $7,380.

compute shaver’s debt-to-assets ratio and times interest earned ratio.

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The balance sheet for shaver corporation reported the following: cash, $8,500; short-term investme...