11. Which of the following most likely would be classified as a current liability?
12.The 2017 financial statements of Crane Company contain the following selected data (in millions).Current assets$87Total assets171Current liabilities54Total liabilities62Cash5Interest expense5Income taxes8Net income13The debt to assets ratio (rounded) isa)2.76%.b)8.1 times.c)36.3%.d)62.1%.
13. In a recent year Ayayai Corp. had net income of $140000, interest expense of $27500, and income tax expense of $37500. What was Ayayai Corp.’s times interest earned (rounded) for the year?
14.If bonds are issued at a discount, it means that the