Use the financial information below to calculate and interpret the following:
A.Capital acquisitions ratio.
B.Times interest earned ratio.
C.Quality of income ratio.
Sales revenue Cost of goods sold Gross profit Selling, general and administrative expenses Amortization Total operating expenses Operating income Interest expense Net income before taxes Income tax expense Net income $159,13164,36094,7718,8002,58511,38583,3862,84780,5393,414$77,125 Cash used for interest payments $2,847
Cash used for income tax payments $3,414 Net income Add amortization Add the decrease in accounts receivable Add the decrease in inventory Subtract the increase in prepaid expenses Subtract the decrease in accounts payable Net cash provided by operating activities $77,1252,5858,860367(650)(1,202)$87,085 Cash provided by sale of property, plant, and equipment Cash provided by sale of short-term investments Cash used for purchases of property, plant, and equipment Cash used for purchases of short-term investments Net cash provided by (used for) investing activities $1,1651,393(8,950)(778)($7,170)
Definitions:
Mucus
A slippery secretion produced by mucous membranes, serving to moisten and protect them.
Ejaculation
The process of releasing semen from the penis during sexual arousal or orgasm.
Fallopian Tubes
Tubes through which eggs travel from the ovaries to the uterus in the female reproductive system.
Ejaculation
The expulsion of semen from the body during sexual arousal in males.