question archive apter 14 Problems i Soves Help 5 2 10 Dones Sed Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year $74,000 $66,000 Cost of goods sold Gross margin 40,000 35,000 34
apter 14 Problems i Soves Help 5 2 10 Dones Sed Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year $74,000 $66,000 Cost of goods sold Gross margin 40,000 35,000 34
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apter 14 Problems i Soves Help 5 2 10 Dones Sed Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) Sales This Year Last Year $74,000 $66,000 Cost of goods sold Gross margin 40,000 35,000 34.ee Selling and administrative expenses! 31,000 Selling expenses 11,100 10,700 Administrative expenses 7,200 6,80 Total selling and administrative expenses 18-300 17,500 Net operating income 15,700 13.00 Interest expense 970 978 Net Income before taxes 14,730 12,500 Income taxes 5,892 5,012 Net Income 8,838 7,518 Dividends to common stockholders 240 Net income added to retained earnings 8, 594 7,218 Beginning retained earnings 37,950 30740 Ending retained earnings 546,556 $37.958 Book 300 Bruces Required: Compute the following financial ratios for this year 1. Times interest earned ratio 2. Debito equity ratio 3. Equity multiplier (For all requirements, round your answers to 2 decimal places.) 1 2 3 Tirsteamed ratio Dotto equila Equity multiplier
