1. Business
  2. Finance
  3. answer 1amp2 plz...

Question: answer 1amp2 plz...

Question details
Answer 1&2 plz
Ecologic Co. Ltds income statement is given below: Sales Operating costs excluding D&A D&A EBIT Interest EBT Taxes (40%) Net Income 15,000,000 6,000,000 9,000,000 4,000,000 5,000,000 1,500,000 3,500,000 1400,000 2,100,000 The firms balance sheet is given below: Assets Liabilities and Equity Cash 500,000 Accounts receivable 1,630,000 2,880,000 5,010,000 32,500,000 37,510,000 Accounts payable Notes Payable Accruals Total curret liabilities Long term liabilities Total Liabilties Total Common Equity Total Liabilities and Equity 690,000 800,000 1,020,000 2,510,000 9,900,000 12,410,000 25.100,000 37510,000 Inventories Total current assets Net Fixed Assets Total Assets (1) What is its fixed asset turnover ratio? (2) What is its TIE ratio?
Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution