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Finance

I need the attached questions answered by 9:00 pm tonight.

  

Consider this simplified balance sheet for Geomorph Trading:

  

 

Current assets

$

170

Current liabilities

$

95

 

Long-term assets

570

Long-term debt

245

 

Other liabilities

140

 

Equity

260

 

$

740

$

740

       

a. What is the companys debt-equity ratio? (Round your answer to 2 decimal places.)

b. What is the ratio of total long-term debt to total long-term capital? (Round your answer to 2 decimal places.)

c. What is its net working capital?

d. What is its current ratio? (Round your answer to 2 decimal places.)

#6

Lever Age pays an 10% rate of interest on $10.50 million of outstanding debt with face value $10.5 million. The firms EBIT was $1.5 million.

a. What is its times interest earned? (Round your answer to 2 decimal places.)

  

b. If depreciation is $250,000, what is its cash coverage ratio? (Round your answer to 2 decimal places.)

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