Petersen, Inc. had the following balances on their balance sheet as of 12/31/20X4 (this is the complete balance sheet):
a. How much is Petersen's Net Working Capital as of the balance sheet date?
b. What is Petersen's Current Ratio?
c. If Net Income for Petersen for 20X4 was $50,000, what was its Return on Assets?
d. If Petersen has Earnings Before Taxes of $30,000 and a TIE Ratio of 7.0. What is its interest expense?

Question

Petersen, Inc. had the following balances on their balance sheet as of 12/31/20X4 (this is the complete balance sheet): 
  a. How much is Petersen's Net Working Capital as of the balance sheet date? 
b. What is Petersen's Current Ratio? 
c. If Net Income for Petersen for 20X4 was $50,000, what was its Return on Assets? 
d. If Petersen has Earnings Before Taxes of $30,000 and a TIE Ratio of 7.0. What is its interest expense?

Quizplus · Accepted Answer

The Answer of Petersen, Inc. had the following balances on their balance sheet as of 12/31/20X4 (this is the complete balance sheet): 
  a. How much is Petersen's Net Working Capital as of the balance sheet date? 
b. What is Petersen's Current Ratio? 
c. If Net Income for Petersen for 20X4 was $50,000, what was its Return on Assets? 
d. If Petersen has Earnings Before Taxes of $30,000 and a TIE Ratio of 7.0. What is its interest expense?