Riaz Academy
Solution Manual for Financial Reporting and Analysis 13th Edition – Chapter 7 Long-Term Debt-Paying Ability
Problem # 1:
Consider the following operating figures:
Net sales $1,079,143
Cost and deductions:
Cost of sales 792,755
Selling and administration 264,566
Interest expense, net 4,311
Income taxes 5,059
1,066,691
Net Profit $ 12,452
Solution:
G Ads:
Problem # 2:
