The Golden Eagle Corporation (with a marginal tax rate of 29…

The Golden Eagle Corporation (with a marginal tax rate of 29%) has the following items on their income and balance sheets (values in tables are in thousands: Balance Sheet Items Assets) Last Year Two Years Ago Cash Accounts Receivable 560 500 Inventory 480 440 285 280 4700 5020 Total Current Assets Fixed Assets Depreciation Net Fixed Assets 2375 2056 Balance Sheet Items (Liabilities) Accounts Payable Notes Payable Total Current Liabilities Long Term Liabilities 1050 Total Liabilities Preferred Stock Common Stock Retained Earnings Total Liabilities and Equity 550 560 86 94 990 100 100 339 339 1370 1075 Income Statement Items Past Year Two Years Ago Sales Cost of Goods Sold Operating Expenses Interest Paid Taxes Paid Preferred Stock Dividends Paid 99 3180 2800 1920 1750 585 530 94 84 85 80 23 What is the Fixed Payment Coverage Ratio for last year for Golden Eagle? (Express answer as XXxx) Your Answer Answer
The Golden Eagle Corporation (with a marginal tax rate of 29…

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