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The balance sheet for Shaver Corporation reported the following: cash, $8,000; short-term investments, $13,000; net accounts receivable, $41,000; inventories, $46,000; prepaids, $13,000; equipment, $103,000; current liabilities, $46,000; notes payable (long-term), $76,000; total stockholders’ equity, $102,000; net income, $3,920; interest expense, $5,600; income before income taxes, $7,080.   how would i compute the debt-to-assets and times interested earned?

The balance sheet for Shaver Corporation reported the following: cash, $8,000; short-term investments, $13,000; net accounts receivable, $41,000; inventories, $46,000; prepaids, $13,000; equipment, $103,000; current liabilities, $46,000; notes payable (long-term), $76,000; total stockholders’ equity, $102,000; net income, $3,920; interest expense, $5,600; income before income taxes, $7,080.   how would i compute the debt-to-assets and times interested earned?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...
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The balance sheet for Shaver Corporation reported the following: cash, $8,000; short-term investments, $13,000; net accounts receivable, $41,000; inventories, $46,000; prepaids, $13,000; equipment, $103,000; current liabilities, $46,000; notes payable (long-term), $76,000; total stockholders’ equity, $102,000; net income, $3,920; interest expense, $5,600; income before income taxes, $7,080.

 

how would i compute the debt-to-assets and times interested earned?

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