Business, 22.04.2020 02:33 spalmer8

The balance sheet for Shaver Corporation reported the following: cash, $5,000; short-term investments, $10,000; net accounts receivable, $35,000; inventory, $40,000; prepaids, $10,000; equipment, $100,000; current liabilities, $40,000; notes payable (long-term), $70,000; total stockholders’ equity, $90,000; net income, $3,320; interest expense, $4,400; income before income taxes, $5,280.

Compute Shaver’s debt-to-assets ratio and times interest earned ratio.

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The balance sheet for Shaver Corporation reported the following: cash, $5,000; short-term investment...

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