The Following Information Comes from the Balance Sheets and Income

question 51

Multiple Choice

The following information comes from the balance sheets and income statements of Crosby Co.: $$\begin{array} { l r r } & \text { As of or for the Year ended Decermber 31 } \\& \text { Curent Year } & { \text { Prior Year } } \\\text { Cash } & \$ 24,000 & \$ 20,000 \\\text { Accourts receivable } & 38,000 & 44,000 \\\text { Irventory } & 64,000 & 50,000 \\\text { Property ard equipment } & 224,000 & 218,000 \\\text { Current liabilities } & 88,000 & 80,000 \\\text { Long-term liabilities } & 106,000 & 100,000 \\\text { Stockholders equity } & 156,000 & 152,000 \\\text { Net sales reverules } & 680,000 & 630,000 \\\text { Cost of goods sold } & 440,000 & 420,000 \\\text { Operating expenses } & 160,000 & 150,000 \\\text { Interest expense } & 10,000 & 8,000 \\\text { Income tax expense } & 18,000 & 16,000\end{array}$$ What is the times interest earned ratio for the current year?

• A)2.2
• B)5.2
• C)6.2
• D)8.0

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Definitions:

Shneidman

Edwin Shneidman was a pioneering American suicidologist and thanatologist, known for his work on the psychological aspects of suicide.

Self-Inflicted Deaths

Deaths resulting from actions individuals deliberately take to end their own lives, commonly referred to as suicide.

Suicidal Actions

Refers to self-directed harmful behaviors with an intent to cause death.

Death Initiators

Factors or conditions that lead to the onset of death, either by natural processes or external causes.