Key comparative figures for Polaris and Arctic Cat follow. 1. What is the debt ratio for Polaris
Question:
1. What is the debt ratio for Polaris in the current year and for the prior year?
2. What is the debt ratio for Arctic Cat in the current year and for the prior year?
3. Which of the two companies has the higher degree of financial leverage? What does thisimply?
Transcribed Image Text:
Polaris Arctic Cat Current Prior Cuerent Prior Year Year Year Year ($ thousands) Total assets. ..,228,024 1,061,647272,906 246,084
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1 Polaris thousands Current year debt ratio 7279681228024 593 Prior ye...View the full answer
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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