Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 Interest expense 31,408.0 Income taxes 3,016.0 Net income 16,640.0 Compute the following values. NT$520.0 1,976.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions).
Current assets
Total assets
Current liabilities
Total liabilities
NT$3,536.0
31,408.0
3,016.0
16,640.0
Compute the following values.
Interest expense
Income taxes
Net income
NT$520.0
(a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.)
1,976.0
4,590.0
(b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.)
%
times
Transcribed Image Text:Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 31,408.0 3,016.0 16,640.0 Compute the following values. Interest expense Income taxes Net income NT$520.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 1,976.0 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % times
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