Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Textbook Question
Chapter 15, Problem 50E
Juroe Company provided the following income statement for last year:
Juroe’s balance sheet as of December 31 last year showed total liabilities of $10,250,000, total equity of $6,150,000, and total assets of $16,400,000.
Required:
Note: Round answers to two decimal places.
- 1. Calculate the times-interest-earned ratio.
- 2. Calculate the debt ratio.
- 3. Calculate the debt-to-equity ratio.
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Chapter 15 Solutions
Managerial Accounting: The Cornerstone of Business Decision-Making
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