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Holt Company reported the following on its income statement

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Holt Company reported the following on its income statement 1. Last year Fuller Company had a net income of $410,000, income tax expense of $50,000, and interest expense of $34,000. The company’s times-interest-earned ratio was closest to a. 12.06. b. 9.88. c. 14.53. d. 13.53. 2. Cottle Company has total assets of $180,000 and total liabilities of $54,000. The company’s debt-to-equity ratio is closest to a. 0.32. b. 2.3. c. 0.30. d. 0.43. 3. Opis Company has total assets of $475,000 and total liabilities of $130,000. The company’s debt-to-equity ratio is closest to a. 0.32. b. 0.21. c. 0.38. d. 0.27. 4. Holt Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120,000 Net income $300,000 An analysis of the income statement revealed that interest expense was $52,500. Holt Company’s times-interest-earned ratio was a. 9. b. 8. c. 7. d. 6. 5. Presented below are selected data from the financial statements of Russell Corp. for 2014 and 2013. 2014 2013 Net income $100,000 $123,000 Cash dividends paid on preferred stock $12,000 $15,000 Cash dividends paid on common stock $42,000 $38,000 Weighted average number of common shares outstanding $105,000 $95,000 Earnings per share is reported on the 2014 income statement as a. $ 0.44. b. $ 0.55. c. $ 0.84. d. $ 0.95. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Holt Company reported the following on its income statement

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