ACTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER 2017 FOR THE YEAR ENDED 31 DECEMBER 2016 2018 2019 2020 2021 2022 2023 2024 2025 SOLVENCY RATIOS 38,446,948 34,281,405 47,201,916 42,581,979 63,933,671 49,918,151 77,663,508 54,186,128 Total liabilities 134,073,021 142,778,265 75,170,515 86,137,591 87,918,982 80,270,135 Total equity DEBT TO EQUITY RATIO 53,369,742 68,031,865 51,480,859 51,683,367 47,938,507 53,571,814 1.50 1.12 1.11 1.28 2.51 2.10 1.46 1.43 1.67 1.83 38,446,948 72,728,352 47,201,916 89,783,895 77,663,508 131,849,636 Total liabilities 63,933,671 134,073,021 142,778,265 75.170.515 86,137,591 87,918,982 80,270,135 Total assets 113,851,822 187,442,763 210,810,130 126,651,374 137,820,958 135,857,489 133.841.949 DEBT RATIO 0.53 0.53 0.56 0.72 0.68 0.59 0.59 0.62 0.65 0.60 Total equity 34,281,405 42,581,979 49,918,151 53,369,742 68,031,865 54,186,128 51,480,859 126,651,374 51,683,367 47,938,507 53,571,814 133,841,949 Total assets 72,728,352 89,783.895 113.851.822 187,442,763 210,810,130 131,849,636 137,820,958 135,857,489 EQUITY RATIO 0.47 0.47 0.44 0.28 0.32 0.41 0.41 0.38 0.35 0.40 22,724,289 6,718,782 Operating Income 14,316,094 2,077,341 12,845,131 16,239,817 23,576,612 -4,289,082 6,759,778 41,119,522 17,522,176 17,423,945 17,540,469 18,297,791 Financing cost 550,540 1,444,421 3,619,290 587,351 8,370 2,095.74 -65,513 TIMES INTEREST EARNED 23.33 6.89 (5.50) 3.38 0.16 12.13 4.81 (247.89) 31.15
ACTUAL PROJECTED FOR THE YEAR ENDED 31 DECEMBER 2017 FOR THE YEAR ENDED 31 DECEMBER 2016 2018 2019 2020 2021 2022 2023 2024 2025 SOLVENCY RATIOS 38,446,948 34,281,405 47,201,916 42,581,979 63,933,671 49,918,151 77,663,508 54,186,128 Total liabilities 134,073,021 142,778,265 75,170,515 86,137,591 87,918,982 80,270,135 Total equity DEBT TO EQUITY RATIO 53,369,742 68,031,865 51,480,859 51,683,367 47,938,507 53,571,814 1.50 1.12 1.11 1.28 2.51 2.10 1.46 1.43 1.67 1.83 38,446,948 72,728,352 47,201,916 89,783,895 77,663,508 131,849,636 Total liabilities 63,933,671 134,073,021 142,778,265 75.170.515 86,137,591 87,918,982 80,270,135 Total assets 113,851,822 187,442,763 210,810,130 126,651,374 137,820,958 135,857,489 133.841.949 DEBT RATIO 0.53 0.53 0.56 0.72 0.68 0.59 0.59 0.62 0.65 0.60 Total equity 34,281,405 42,581,979 49,918,151 53,369,742 68,031,865 54,186,128 51,480,859 126,651,374 51,683,367 47,938,507 53,571,814 133,841,949 Total assets 72,728,352 89,783.895 113.851.822 187,442,763 210,810,130 131,849,636 137,820,958 135,857,489 EQUITY RATIO 0.47 0.47 0.44 0.28 0.32 0.41 0.41 0.38 0.35 0.40 22,724,289 6,718,782 Operating Income 14,316,094 2,077,341 12,845,131 16,239,817 23,576,612 -4,289,082 6,759,778 41,119,522 17,522,176 17,423,945 17,540,469 18,297,791 Financing cost 550,540 1,444,421 3,619,290 587,351 8,370 2,095.74 -65,513 TIMES INTEREST EARNED 23.33 6.89 (5.50) 3.38 0.16 12.13 4.81 (247.89) 31.15
Corporate Financial Accounting
15th Edition
ISBN:9781337398169
Author:Carl Warren, Jeff Jones
Publisher:Carl Warren, Jeff Jones
ChapterD: Investments
Section: Chapter Questions
Problem D.10EX: Fair value journal entries, trading investments Jets Bancorp Inc. purchased a portfolio of trading...
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explain the image provided the Debt to equity ratio,Debt ratio,equity ratio,Times interest earned and give recommendation
Transcribed Image Text:АCTUAL
PROJECTED
FOR THE YEAR ENDED 31 DECEMBER
2018
FOR THE YEAR ENDED 31 DECEMBER
2016
2017
2019
2020
2021
2022
2023
2024
2025
SOLVENCY RATIOS
Total liabilities
38,446,948
47,201,916
63.933,671
142,778,265
134,073,021
53,369,742
75,170,515
77,663,508
86,137,591
51.683,367
87,918,982
80,270,135
Total equity
34,281,405
42,581,979
49,918,151
68,031,865
51,480,859
54,186,128
47,938,507
53,571,814
DEBT TO EQUITY RATIO
1.12
1.11
1.28
2.51
2.10
1.46
1.43
1.67
1,83
1.50
Total liabilities
38,446,948
47,201,916
63.933,671
134,073,021
142,778,265
75,170,515
77,663,508
86,137,591
87,918,982
80.270.135
Total assets
131,849,636
133,841,949
72,728,352
0.53
89,783,895
113,851,822
187,442,763
210,810,130
126,651,374
137,820,958
135,857,489
DEBT RATIO
0.53
0.56
0.72
0.68
0.59
0.59
0.62
0.65
0.60
Total equity
34,281,405
42,581,979
49,918,151
53,369,742
68,031,865
51,480,859
47,938,507
53.571.814
54,186,128
131,849,636
51,683,367
Total assets
72,728,352
89,783,895
113,851,822
187,442,763
210,810,130
126,651,374
137,820,958
135,857,489
133,841,949
EQUITY RATIO
0.47
0.47
0.44
0.28
0.32
0.41
0.41
0.38
0.35
0.40
12,845,131
550,540
Operating Income
14,316,094
23,576,612
22,724,289
6,759,778
17,522,176
17,423,945
17,540,469
16,239,817
18,297,791
Financing cost
2,077,341
-4,289,082
6,718,782
41,119,522
1,444,421
3,619,290
8,370
2,095.74
-65,513
587,351
12.13
(247.89)
TIMES INTEREST EARNED
23.33
6.89
(5.50)
3.38
0.16
4.81
31.15
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