The following selected information (in thousands) is available for Carla Vista Inc.: 2021 2020 Total assets $3,881 $3,721 Total liabilities 2,193 1,973 Interest expense 29 21 Income tax expense 177 141 Profit 416 385 Cash provided by operating activities 914 584 Cash used by investing activities 471 315 Calculate the following solvency ratios of Carla Vista Inc. for 2021 and 2020. (Round debt to total assets and interest coverage answers to 1 decimal place, eg. 52.7 or 52.7%.)

The following selected information (in thousands) is available for Carla Vista Inc.: 2021 2020 Total assets $3,881 $3,721 Total liabilities 2,193 1,973 Interest expense 29 21 Income tax expense 177 141 Profit 416 385 Cash provided by operating activities 914 584 Cash used by investing activities 471 315 Calculate the following solvency ratios of Carla Vista Inc. for 2021 and 2020. (Round debt to total assets and interest coverage answers to 1 decimal place, eg. 52.7 or 52.7%.)

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 17PB: Using the following Company X information, prepare a Retained Earnings Statement: Retained earnings...

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