【2017年整理】财务报告与分析：三友会计名著译丛 第07章习题答案.docVIP

Chapter 7 Long-Term Debt-Paying Ability PROBLEMS PROBLEM 71 Earnings before interest and tax: Net sales $1,079,143 Cost of sales ( 792,755) Selling and administration ( 264,566) $ 21,822 a. b. Cash basis times interest earned: PROBLEM 72 Recurring Earnings Excluding Interest Expense, Tax Expense, Equity Earnings, a. Times Interest Earned = and Minority Earnings Interest Expense, Including Capitalized Interest Income before income taxes $675 Plus interest 60 Adjusted income $735 Int