Reference no: EM132697712
Questions -
a) For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $47,000, accounts receivable $149,000, inventories $92,000, prepaid expenses $15,000, accounts payable $61,000, and accrued expenses $69,000. Use this information to compute the Current Ratio.
b) For the FY 2018, Frederick Company had net sales of $1,200,000 and net income of $90,000, paid income taxes of $17,500, and had before tax interest expense of $10,000. Use this information to compute the Times Interest Earned Ratio.
Which is the basic function within the scope of ais
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Compute the times interest earned ratio
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