The following information was available for the year ended December 31, 2016: Earnings before…
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The following information was available for the year ended December 31, 2016: Earnings before interest and taxes (operating incorne) 87,00 19,000 Interest expense 24,000 ncome tax expense 44,000 Nel iricorne Total assets at year-end 290.00 Total liabilities at year-end 50,000 Required: a. Calculate the debt ratio at December 31, 2016. (Round your answer to 1 decimal place.) ebt ratio b. Calculate the debt/equity ratio at December 31, 2016. (Round your answer to 2 decimal places.) Debt/Equity ratio time c. Calculate the times interest earned for the year ended December 31. 2016. (Round your answer to 2 decimal places,) mes interest teamed
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The following information was available for the year ended December 31. 2016: Calculate the debt ratio at December 31. 2016. (Round your answer to 1 decimal place.) Calculate the debt equity ratio at December 31. 2016. (Round your answer to 2 decimal places.) Calculate the times interest earned for the year ended December 31 2016. (Round your answer to 2 decimal places.)
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