New Flyer Industries Inc. reported the following measures for 2015 and 2014: ___________________________________2015...................2014 Debt to total assets..........................72.7%................60.1%
Question:
New Flyer Industries Inc. reported the following measures for 2015 and 2014:
___________________________________2015...................2014
Debt to total assets..........................72.7%................60.1%
Times interest earned..................9.4 times............5.2 times
Free cash flow (in U.S. $ millions)......$34.....................$35
Is New Flyer's solvency improving or deteriorating? Explain.
SolvencySolvency means the ability of a business to fulfill its non-current financial liabilities. Often you have heard that the company X went insolvent, this means that the company X is no longer able to settle its noncurrent financial...
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New Flyers solvency deteriorated in 2015 because of the increase in its debt to ...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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