Homework 020508 - Exercise 16-23 Woodall Company had the...

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Exercise 16-23 Woodall Company had the following income statement Sales 12,600,000 COGS 7,500,000 Total Assets 12,000,000 Gross Margin 5,100,000 Operating Expenses 2,400,000 Total Liabs 2,500,000 Operating Income 2,700,000 Interest Expense 400,000 Total Equity 9,500,000 Pretax Income 2,300,000 Income Taxes 690,000 Net Income 1,610,000 1 Calculate times interest earned ratio 2 Calculate Debt Ratio 3 Calculate Debt/Equity Ratio Exercise 16-25 Woodall Company had the following income statement Sales 12,600,000 COGS 7,500,000 Total Assets 12,000,000 Gross Margin 5,100,000 Operating Expenses 2,400,000 Total Liabs 2,500,000 Operating Income 2,700,000 Interest Expense 400,000 Total Equity 9,500,000 Pretax Income 2,300,000 Income Taxes 690,000 Last year's assets were also Net Income 1,610,000 12,000,000 1 Calculate average total assets 2 Calculate return on assets Exercise 16-27 Haidary Inc January 1 December 1 Stockholder's Equity Preferred Stock 4,000,000 4,000,000 Common Stock 3,000,000 3,000,000 Additonal Paid In Capital 4,800,000 4,800,000 Retained Earnings 4,000,000 4,250,000 15,800,000 16,050,000
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Homework 020508 - Exercise 16-23 Woodall Company had the...

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