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The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is

The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is

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
Chapter21: The Statement Of Cash Flows
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The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 342000 280000 Net cash provided by operating activity The times interest earned for 2017 is
Transcribed Image Text:The following amounts were taken from the financial statements of Oriole Company: 2017 2016 Current liabilities $1271000 $1243000 Long-term liabilities 1805000 1618000 Interest expense 106000 56400 Income tax expense 55800 30500 Net income 310000 181000 342000 280000 Net cash provided by operating activity The times interest earned for 2017 is
D0400 asuadxə isəja Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is O 3 tìmes. O 4.5 times. O 3.5 times. O 3.9 times.
Transcribed Image Text:D0400 asuadxə isəja Income tax expense 55800 30500 Net income 310000 181000 Net cash provided by operating 342000 280000 activity The times interest earned for 2017 is O 3 tìmes. O 4.5 times. O 3.5 times. O 3.9 times.
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