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Match the Appropriate Variable or Variables to Each Space in the Appropriate

Question 123

Matching

Match the appropriate variable or variables to each space in the appropriate equation.
Note: you may use a variable more than once and some variables might not be used.

Premises:
Times Interest Earned Ratio = (______ + ______ + ______)/______
Debt-to-Assets Ratio = (______ + ______ )/(______ +_______)
Responses:
Net bonds payable
Total Current liabilities
Interest expense
Net income
Short-term investments
Total Long term Assets
Total Current Assets
Income tax expense
Total Long-term liabilities
Stated interest rate
Bonds payable

Correct Answer:

Net bonds payable
Total Current liabilities
Interest expense
Net income
Short-term investments
Total Long term Assets
Total Current Assets
Income tax expense
Total Long-term liabilities
Stated interest rate
Bonds payable
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