Southwestern Industries has the following selected data ($ in millions): Balance sheet data Total assets Total liabilities Total stockholders' equity Income statement data Sales Interest expense Income tax expense Net income 2024 1. Debt to equity ratio 2. Return on assets ratio 3. Times interest earned ratio $2,700 1,950 750 $750 80 30 95 Required: Based on these amounts, calculate the following ratios for Southwestern Industries in 2024: (Round your answers to 2 decimal places.) % 2023 times $2,100 1,100 1,000

Southwestern Industries has the following selected data ($ in millions): Balance sheet data Total assets Total liabilities Total stockholders' equity Income statement data Sales Interest expense Income tax expense Net income 2024 1. Debt to equity ratio 2. Return on assets ratio 3. Times interest earned ratio $2,700 1,950 750 $750 80 30 95 Required: Based on these amounts, calculate the following ratios for Southwestern Industries in 2024: (Round your answers to 2 decimal places.) % 2023 times $2,100 1,100 1,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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