Homework answers / question archive / Franco Corporation reports the following selected financial statement information at December 31, 2011: Total Assets                                           $110,000 Total Liabilities                                            65,000 Net Income                                                18,000 Interest Income                                            1,600 Interest Expense                                             900 Tax Expense                                                   300   Instructions Calculate the debt to total assets and times interest earned ratios

Franco Corporation reports the following selected financial statement information at December 31, 2011: Total Assets                                           $110,000 Total Liabilities                                            65,000 Net Income                                                18,000 Interest Income                                            1,600 Interest Expense                                             900 Tax Expense                                                   300   Instructions Calculate the debt to total assets and times interest earned ratios

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Franco Corporation reports the following selected financial statement information at December 31, 2011:

Total Assets                                           $110,000

Total Liabilities                                            65,000

Net Income                                                18,000

Interest Income                                            1,600

Interest Expense                                             900

Tax Expense                                                   300

Instructions

Calculate the debt to total assets and times interest earned ratios.