Q1 Horizontal Analysis of Income Statement For 20Y2, McDade Company…
QuestionAnswered step-by-stepQ1 Horizontal Analysis of Income Statement For 20Y2, McDade Company…Q1Horizontal Analysis of Income StatementFor 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:McDade CompanyComparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $16,800,000 $15,000,000Cost of merchandise sold 11,500,000 10,000,000Gross profit $5,300,000 $5,000,000Selling expenses $1,770,000 $1,500,000Administrative expenses 1,220,000 1,000,000Total operating expenses $2,990,000 $2,500,000Income from operations $2,310,000 $2,500,000Other revenue 256,950 225,000Income before income tax expense $2,566,950 $2,725,000Income tax expense 1,413,000 1,500,000Net income $1,153,950 $1,225,000Required:Question Content Area 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the “Difference” columns. 20Y2 20Y1 Difference- Amount Difference- PercentSales $16,800,000 $15,000,000 $fill in the blank fe0d73fb500700d_1 fill in the blank fe0d73fb500700d_2%Cost of merchandise sold 11,500,000 10,000,000 fill in the blank fe0d73fb500700d_3 fill in the blank fe0d73fb500700d_4%Gross profit $5,300,000 $5,000,000 $fill in the blank fe0d73fb500700d_5 fill in the blank fe0d73fb500700d_6%Selling expenses $1,770,000 $1,500,000 $fill in the blank fe0d73fb500700d_7 fill in the blank fe0d73fb500700d_8%Administrative expenses 1,220,000 1,000,000 fill in the blank fe0d73fb500700d_9 fill in the blank fe0d73fb500700d_10%Total operating expenses $2,990,000 $2,500,000 $fill in the blank fe0d73fb500700d_11 fill in the blank fe0d73fb500700d_12%Income from operations $2,310,000 $2,500,000 $fill in the blank fe0d73fb500700d_13 fill in the blank fe0d73fb500700d_14%Other revenue 256,950 225,000 fill in the blank fe0d73fb500700d_15 fill in the blank fe0d73fb500700d_16%Income before income tax expense $2,566,950 $2,725,000 $fill in the blank fe0d73fb500700d_17 fill in the blank fe0d73fb500700d_18%Income tax expense 1,413,000 1,500,000 fill in the blank fe0d73fb500700d_19 fill in the blank fe0d73fb500700d_20%Net income $1,153,950 $1,225,000 $fill in the blank fe0d73fb500700d_21 fill in the blank fe0d73fb500700d_22%Q2Vertical Analysis of Income StatementFor 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $50,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement:Tri-Comic CompanyComparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $1,500,000 $1,250,000Cost of merchandise sold 510,000 475,000Gross profit $990,000 $775,000Selling expenses $270,000 $200,000Administrative expenses 180,000 156,250Total operating expenses $450,000 $356,250Income from operations $540,000 $418,750Other revenue 60,000 50,000Income before income tax expense $600,000 $468,750Income tax expense 450,000 375,000Net income $150,000 $93,750Required:Question Content Area 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Round percentages to one decimal place. Enter all amounts as positive numbers. 20Y2Amount 20Y2Percent 20Y1Amount 20Y1PercentSales $1,500,000 fill in the blank 3aa1b3033fd8fa5_1% $1,250,000 fill in the blank 3aa1b3033fd8fa5_2%Cost of merchandise sold 510,000 fill in the blank 3aa1b3033fd8fa5_3% 475,000 fill in the blank 3aa1b3033fd8fa5_4%Gross profit $990,000 fill in the blank 3aa1b3033fd8fa5_5% $775,000 fill in the blank 3aa1b3033fd8fa5_6%Selling expenses $270,000 fill in the blank 3aa1b3033fd8fa5_7% $200,000 fill in the blank 3aa1b3033fd8fa5_8%Administrative expenses 180,000 fill in the blank 3aa1b3033fd8fa5_9% 156,250 fill in the blank 3aa1b3033fd8fa5_10%Total operating expenses $450,000 fill in the blank 3aa1b3033fd8fa5_11% $356,250 fill in the blank 3aa1b3033fd8fa5_12%Income from operations $540,000 fill in the blank 3aa1b3033fd8fa5_13% $418,750 fill in the blank 3aa1b3033fd8fa5_14%Other revenue 60,000 fill in the blank 3aa1b3033fd8fa5_15% 50,000 fill in the blank 3aa1b3033fd8fa5_16%Income before income tax expense $600,000 fill in the blank 3aa1b3033fd8fa5_17% $468,750 fill in the blank 3aa1b3033fd8fa5_18%Income tax expense 450,000 fill in the blank 3aa1b3033fd8fa5_19% 375,000 fill in the blank 3aa1b3033fd8fa5_20%Net income $150,000 fill in the blank 3aa1b3033fd8fa5_21% $93,750 fill in the blank 3aa1b3033fd8fa5_22% Q3Effect of Transactions on Current Position AnalysisData pertaining to the current position of Forte Company follow:Cash $412,500Marketable securities 187,500Accounts and notes receivable (net) 300,000Inventories 700,000Prepaid expenses 50,000Accounts payable 200,000Notes payable (short-term) 250,000Accrued expenses 300,000Required:1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place.a. Working capital $fill in the blank 1b. Current ratio fill in the blank 2c. Quick ratio fill in the blank 32. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place.Transaction Working Capital Current Ratio Quick Ratioa. Sold marketable securities at no gain or loss, $70,000. $fill in the blank 4 fill in the blank 5 fill in the blank 6b. Paid accounts payable, $125,000. $fill in the blank 7 fill in the blank 8 fill in the blank 9c. Purchased goods on account, $110,000. $fill in the blank 10 fill in the blank 11 fill in the blank 12d. Paid notes payable, $100,000. $fill in the blank 13 fill in the blank 14 fill in the blank 15e. Declared a cash dividend, $150,000. $fill in the blank 16 fill in the blank 17 fill in the blank 18f. Declared a common stock dividend on common stock, $50,000. $fill in the blank 19 fill in the blank 20 fill in the blank 21g. Borrowed cash from bank on a long-term note, $225,000. $fill in the blank 22 fill in the blank 23 fill in the blank 24h. Received cash on account, $125,000. $fill in the blank 25 fill in the blank 26 fill in the blank 27i. Issued additional shares of stock for cash, $600,000. $fill in the blank 28 fill in the blank 29 fill in the blank 30j. Paid cash for prepaid expenses, $10,000. $fill in the blank 31 fill in the blank 32 fill in the blank 33Q4Measures of liquidity, Solvency, and ProfitabilityThe comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2.Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Retained earnings, January 1 $3,704,000 $3,264,000 Net income 600,000 550,000 Dividends: On preferred stock (10,000) (10,000) On common stock (100,000) (100,000)Retained earnings, December 31 $4,194,000 $3,704,000 Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $10,850,000 $10,000,000Cost of merchandise sold 6,000,000 5,450,000Gross profit $4,850,000 $4,550,000Selling expenses $2,170,000 $2,000,000Administrative expenses 1,627,500 1,500,000Total operating expenses $3,797,500 $3,500,000Income from operations $1,052,500 $1,050,000Other revenue and expense: Other revenue 99,500 20,000 Other expense (interest) (132,000) (120,000)Income before income tax expense $1,020,000 $950,000Income tax expense 420,000 400,000Net income $600,000 $550,000 Marshall Inc.Comparative Balance SheetDecember 31, 20Y2 and 20Y1 20Y2 20Y1Assets Current assets: Cash $1,050,000 $ 950,000 Marketable securities 301,000 420,000 Accounts receivable (net) 585,000 500,000 Inventories 420,000 380,000 Prepaid expenses 108,000 20,000 Total current assets $2,464,000 $2,270,000Long-term investments 800,000 800,000Property, plant, and equipment (net) 5,760,000 5,184,000Total assets $9,024,000 $8,254,000Liabilities Current liabilities $880,000 $800,000Long-term liabilities: Mortgage note payable, 6% $200,000 $0 Bonds payable, 4% 3,000,000 $3,000,000 Total long-term liabilities $3,200,000 $3,000,000Total liabilities $4,080,000 $3,800,000Stockholders’ Equity Preferred 4% stock, $5 par $250,000 $250,000Common stock, $5 par 500,000 500,000Retained earnings 4,194,000 3,704,000Total stockholders’ equity $4,944,000 $4,454,000Total liabilities and stockholders’ equity $9,024,000 $8,254,000Required:Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.1. Working capital $fill in the blank 1 2. Current ratio fill in the blank 2 3. Quick ratio fill in the blank 3 4. Accounts receivable turnover fill in the blank 4 5. Number of days’ sales in receivables fill in the blank 5days 6. Inventory turnover fill in the blank 6 7. Number of days’ sales in inventory fill in the blank 7days 8. Ratio of fixed assets to long-term liabilities fill in the blank 8 9. Ratio of liabilities to stockholders’ equity fill in the blank 9 10. Times interest earned fill in the blank 10 11. Asset turnover fill in the blank 11 12. Return on total assets fill in the blank 12% 13. Return on stockholders’ equity fill in the blank 13% 14. Return on common stockholders’ equity fill in the blank 14% 15. Earnings per share on common stock $fill in the blank 15 16. Price-earnings ratio fill in the blank 16 17. Dividends per share of common stock $fill in the blank 17 18. Dividend yield fill in the blank 18% Q5Solvency and Profitability Trend AnalysisAddai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders’ equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate the historical performance of the company over the last five years.Selected industry ratios have remained relatively steady at the following levels for the last five years: 20Y4-20Y8Return on total assets 28% Return on stockholders’ equity 18% Times interest earned 2.7 Ratio of liabilities to stockholders’ equity 0.4 Required:1. Determine the following for the years 20Y4 through 20Y8 for each of the graphs below. Use the amounts given above in your calculations. Round to one decimal place:a. Return on total assets: Image transcription text60.0% 50.0% 40.0% Retum on TotalAssets 30.0% 20.0% 10.0% 0.0% 20Y820Y7 20Y6 20Y5 20Y4 Y… Show more 20Y8 fill in the blank 1%20Y7 fill in the blank 2%20Y6 fill in the blank 3%20Y5 fill in the blank 4%20Y4 fill in the blank 5%b. Return on stockholders’ equity: 20Y8 fill in the blank 6%20Y7 fill in the blank 7%20Y6 fill in the blank 8%20Y5 fill in the blank 9%20Y4 fill in the blank 10%c. Times interest earned: Image transcription text3.5 3.0 2.5 2.0 Times Interest Earned 1.51.0 0.5 0.0 20Y8 20Y7 20Y6 20Y520Y4 Year -Company’s ti… Show more 20Y8 fill in the blank 1120Y7 fill in the blank 1220Y6 fill in the blank 1320Y5 fill in the blank 1420Y4 fill in the blank 15d. Ratio of liabilities to stockholders’ equity: Image transcription text0.9 0.8 0.7 0.6 0.5 Ratio of Liabilities toStockholders’ Equity 0.4 0.3 0.2 0.1 0.020Y8 20Y7 20Y6 20Y5 2… Show more 20Y8 fill in the blank 1620Y7 fill in the blank 1720Y6 fill in the blank 1820Y5 fill in the blank 1920Y4 fill in the blank 20Q6Horizontal Analysis of Income StatementFor 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:McDade CompanyComparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $351,440 $304,000Cost of merchandise sold 250,800 190,000Gross profit $100,640 $114,000Selling expenses $36,400 $26,000Administrative expenses 20,610 16,000Total operating expenses $57,010 $42,000Income from operations $43,630 $72,000Other revenue 1,606 1,300Income before income tax expense $45,236 $73,300Income tax expense 12,700 22,000Net income $32,536 $51,300Required:Question Content Area 1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Use the minus sign to indicate a decrease in the “Difference” columns. 20Y2 20Y1 Difference- Amount Difference- PercentSales $351,440 $304,000 $fill in the blank df24a1f74fad008_1 fill in the blank df24a1f74fad008_2%Cost of merchandise sold 250,800 190,000 fill in the blank df24a1f74fad008_3 fill in the blank df24a1f74fad008_4%Gross profit $100,640 $114,000 $fill in the blank df24a1f74fad008_5 fill in the blank df24a1f74fad008_6%Selling expenses $36,400 $26,000 $fill in the blank df24a1f74fad008_7 fill in the blank df24a1f74fad008_8%Administrative expenses 20,610 16,000 fill in the blank df24a1f74fad008_9 fill in the blank df24a1f74fad008_10%Total operating expenses $57,010 $42,000 $fill in the blank df24a1f74fad008_11 fill in the blank df24a1f74fad008_12%Income from operations $43,630 $72,000 $fill in the blank df24a1f74fad008_13 fill in the blank df24a1f74fad008_14%Other revenue 1,606 1,300 fill in the blank df24a1f74fad008_15 fill in the blank df24a1f74fad008_16%Income before income tax expense $45,236 $73,300 $fill in the blank df24a1f74fad008_17 fill in the blank df24a1f74fad008_18%Income tax expense 12,700 22,000 fill in the blank df24a1f74fad008_19 fill in the blank df24a1f74fad008_20%Net income $32,536 $51,300 $fill in the blank df24a1f74fad008_21 fill in the blank df24a1f74fad008_22%Q7Vertical Analysis of Income StatementFor 20Y2, Tri-Comic Company initiated a sales promotion campaign that included the expenditure of an additional $20,000 for advertising. At the end of the year, Lumi Neer, the president, is presented with the following condensed comparative income statement:Tri-Comic CompanyComparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $729,000 $627,000Cost of merchandise sold 371,790 357,390Gross profit $357,210 $269,610Selling expenses $138,510 $112,860Administrative expenses 72,900 75,240Total operating expenses $211,410 $188,100Income from operations $145,800 $81,510Other revenue 21,870 31,350Income before income tax expense $167,670 $112,860Income tax expense 65,610 43,890Net income $102,060 $68,970Required:Question Content Area 1. Prepare a comparative income statement for the two-year period, presenting an analysis of each item in relationship to sales for each of the years. Enter percentages as whole numbers. Enter all amounts as positive numbers. 20Y2Amount 20Y2Percent 20Y1Amount 20Y1PercentSales $729,000 fill in the blank 02470b028f92067_1% $627,000 fill in the blank 02470b028f92067_2%Cost of merchandise sold 371,790 fill in the blank 02470b028f92067_3% 357,390 fill in the blank 02470b028f92067_4%Gross profit $357,210 fill in the blank 02470b028f92067_5% $269,610 fill in the blank 02470b028f92067_6%Selling expenses $138,510 fill in the blank 02470b028f92067_7% $112,860 fill in the blank 02470b028f92067_8%Administrative expenses 72,900 fill in the blank 02470b028f92067_9% 75,240 fill in the blank 02470b028f92067_10%Total operating expenses $211,410 fill in the blank 02470b028f92067_11% $188,100 fill in the blank 02470b028f92067_12%Income from operations $145,800 fill in the blank 02470b028f92067_13% $81,510 fill in the blank 02470b028f92067_14%Other revenue 21,870 fill in the blank 02470b028f92067_15% 31,350 fill in the blank 02470b028f92067_16%Income before income tax expense $167,670 fill in the blank 02470b028f92067_17% $112,860 fill in the blank 02470b028f92067_18%Income tax expense 65,610 fill in the blank 02470b028f92067_19% 43,890 fill in the blank 02470b028f92067_20%Net income $102,060 fill in the blank 02470b028f92067_21% $68,970 fill in the blank 02470b028f92067_22% Q8Effect of Transactions on Current Position AnalysisData pertaining to the current position of Lucroy Industries Inc. follow:Cash $440,000Marketable securities 185,000Accounts and notes receivable (net) 310,000Inventories 750,000Prepaid expenses 44,000Accounts payable 240,000Notes payable (short-term) 250,000Accrued expenses 320,000Required:1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place.a. Working capital $fill in the blank 1b. Current ratio fill in the blank 2c. Quick ratio fill in the blank 32. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place.Transaction Working Capital Current Ratio Quick Ratioa. Sold marketable securities at no gain or loss, $50,000. $fill in the blank 4 fill in the blank 5 fill in the blank 6b. Paid accounts payable, $130,000. $fill in the blank 7 fill in the blank 8 fill in the blank 9c. Purchased goods on account, $110,000. $fill in the blank 10 fill in the blank 11 fill in the blank 12d. Paid notes payable, $100,000. $fill in the blank 13 fill in the blank 14 fill in the blank 15e. Declared a cash dividend, $155,000. $fill in the blank 16 fill in the blank 17 fill in the blank 18f. Declared a common stock dividend on common stock, $55,000. $fill in the blank 19 fill in the blank 20 fill in the blank 21g. Borrowed cash from bank on a long-term note, $225,000. $fill in the blank 22 fill in the blank 23 fill in the blank 24h. Received cash on account, $145,000. $fill in the blank 25 fill in the blank 26 fill in the blank 27i. Issued additional shares of stock for cash, $645,000. $fill in the blank 28 fill in the blank 29 fill in the blank 30j. Paid cash for prepaid expenses, $8,000. $fill in the blank 31 fill in the blank 32 fill in the blank 33Q9Measures of liquidity, Solvency, and ProfitabilityThe comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 71 on December 31, 20Y2.Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Retained earnings, January 1 $3,881,950 $3,301,650 Net income 912,000 676,200 Dividends: On preferred stock (14,000) (14,000) On common stock (81,900) (81,900) Retained earnings, December 31 $4,698,050 $3,881,950 Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1Sales $5,409,300 $4,983,820 Cost of merchandise sold 2,124,300 1,954,360 Gross profit $3,285,000 $3,029,460 Selling expenses $1,020,610 $1,313,050 Administrative expenses 869,410 771,150 Total operating expenses $1,890,020 $2,084,200 Income from operations $1,394,980 $945,260 Other revenue and expense: Other revenue 73,420 60,340 Other expense (interest) (432,000) (237,600) Income before income tax expense $1,036,400 $768,000 Income tax expense 124,400 91,800 Net income $912,000 $676,200 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $1,258,090 $976,750 Marketable securities 1,904,130 1,618,620 Accounts receivable (net) 1,073,100 1,007,400 Inventories 803,000 613,200 Prepaid expenses 238,016 195,350 Total current assets $5,276,336 $4,411,320 Long-term investments 1,700,569 515,991 Property, plant, and equipment (net) 6,480,000 5,832,000 Total assets $13,456,905 $10,759,311 Liabilities Current liabilities $1,648,855 $2,197,361 Long-term liabilities: Mortgage note payable, 8% $2,430,000 $0 Bonds payable, 8% 2,970,000 2,970,000 Total long-term liabilities $5,400,000 $2,970,000 Total liabilities $7,048,855 $5,167,361 Stockholders’ Equity Preferred $0.70 stock, $40 par $800,000 $800,000 Common stock, $10 par 910,000 910,000 Retained earnings 4,698,050 3,881,950 Total stockholders’ equity $6,408,050 $5,591,950 Total liabilities and stockholders’ equity $13,456,905 $10,759,311 Required:Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.1. Working capital $fill in the blank 1 2. Current ratio fill in the blank 2 3. Quick ratio fill in the blank 3 4. Accounts receivable turnover fill in the blank 4 5. Number of days’ sales in receivables fill in the blank 5 days6. Inventory turnover fill in the blank 6 7. Number of days’ sales in inventory fill in the blank 7 days8. Ratio of fixed assets to long-term liabilities fill in the blank 8 9. Ratio of liabilities to stockholders’ equity fill in the blank 9 10. Times interest earned fill in the blank 10 11. Asset turnover fill in the blank 11 12. Return on total assets fill in the blank 12 %13. Return on stockholders’ equity fill in the blank 13 %14. Return on common stockholders’ equity fill in the blank 14 %15. Earnings per share on common stock $fill in the blank 15 16. Price-earnings ratio fill in the blank 16 17. Dividends per share of common stock $fill in the blank 17 18. Dividend yield fill in the blank 18 %Q10Solvency and Profitability Trend AnalysisAddai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4Net income $1,254,400 $1,081,400 $908,700 $776,700 $658,200 Interest expense 426,500 389,300 336,200 256,300 204,000 Income tax expense 401,408 302,792 254,436 201,942 157,968 Total assets (ending balance) 6,777,075 7,114,661 5,141,173 5,320,171 4,034,463 Total stockholders’ equity (ending balance) 2,180,719 2,607,067 1,667,241 2,056,939 1,234,163 Average total assets 6,945,868 6,127,917 5,230,672 4,433,476 3,765,066 Average stockholders’ equity 2,393,893 2,137,154 1,862,090 1,645,551 1,437,118 You have been asked to evaluate the historical performance of the company over the last five years.Selected industry ratios have remained relatively steady at the following levels for the last five years: 20Y4?20Y8Return on total assets 23.9% Return on stockholders’ equity 49.2% Times interest earned 4.6 Ratio of liabilities to stockholders’ equity 2.1 Required:1. Determine the following for the years 20Y4 through 20Y8. Round to one decimal place:a. Return on total assets:20Y8 fill in the blank 1%20Y7 fill in the blank 2%20Y6 fill in the blank 3%20Y5 fill in the blank 4%20Y4 fill in the blank 5%b. Return on stockholders’ equity:20Y8 fill in the blank 6%20Y7 fill in the blank 7%20Y6 fill in the blank 8%20Y5 fill in the blank 9%20Y4 fill in the blank 10%c. Times interest earned:20Y8 fill in the blank 1120Y7 fill in the blank 1220Y6 fill in the blank 1320Y5 fill in the blank 1420Y4 fill in the blank 15d. Ratio of liabilities to stockholders’ equity:20Y8 fill in the blank 1620Y7 fill in the blank 1720Y6 fill in the blank 1820Y5 fill in the blank 1920Y4 fill in the blank 20 AccountingBusinessFinancial AccountingCOMMERCE 4AC3Share Question
