What other information would be helpful in making your evaluation? 5. Evaluate the health of the company from a leverage point of view. Calculate the leverage ratio and debt ratio of the company. Assume that all of the existing liabilities are included in the information provided. How many times did Braintree cover its interest expense during 2012? 4. Why is the interest-payable amount so much less than the amount of interest expense? 3. What is the carrying amount of the bonds payable (combine the current and long-term amounts)? b. Answer the following questions about Braintree’s financial position at December 31, 2012: a. Show how each relevant item would be reported on the Braintree Foods, Inc., classified balance sheet, including headings and totals for current liabilities and long-term liabilities.Discount on bonds payable (all long-term). 470,000 Accumulated depreciation, equipment. $4,200,000 Accumulated pension benefit obligation. The accounting records of Braintree Foods, Inc., include the following items at December 31, 2012:
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