Business, 05.05.2020 15:51, deedee2094

Ratios Analyzing Long-Term Firm Solvency
The following information is available for Banner Company:

Annual Data 2019 2018
Interest expense $85,000 $82,000
Income tax expense 203,500 185,000
Net income 496,500 425,000
Capital expenditures 320,000 380,000
Cash provided by operating activities 450,000 390,000

Year-End Data Dec. 31, 2019 Dec. 31, 2018
Total liabilities $2,400,000 $1,900,000
Total stockholders’ equity 4,200,000 3,800,000

Calculate the following: Note: Round all answers to two decimal places.

a. 2016 debt-to-equity ratio. b. 2016 times-interest-earned ratio.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:10, jess7kids

The development price itself is such a huge barrier, it's just a very different business model than boeing's used to. our huge development programs are typically centered around commercial airplanes, military aircraft, where there is a lot of orders. and right now the foundation of the business is two bites a year.

Answers: 3

continue

Business, 22.06.2019 01:20, Adolfosbaby

As a project manager for a large construction company, shaun decided to make the performance appraisal process as painless as possible for his crew. he spent a considerable amount of time creating performance standards he felt were reasonable, and after six months' time, he scheduled individual appointments with each worker to discuss strengths and weaknesses and areas that needed improvement according to the standards he privately set. some employees were sent to vestibule training, and one even got a promotion with additional compensation. what did he fail to do correctly

Answers: 2

continue

Business, 22.06.2019 12:00, ambercombs

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Answers: 1

continue

Business, 22.06.2019 12:20, Tierriny576

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

Answers: 3

continue

Do you know the correct answer?

Ratios Analyzing Long-Term Firm Solvency
The following information is available for Banner Co...