Refer to the data in Exercise 16 2 for Heritage Antiquing Services Required Compute the following financial ratios for long term creditors for this year 1 Times interest earned ratio 2 Debt to equity ratio ...

1 Calculation of the times interest ear ...

Refer to the data in Exercise 16-2 for Heritage Antiquing Services. Required: Compute the following financial ratios

Question:

Refer to the data in Exercise 16-2 for Heritage Antiquing Services.
Required:
Compute the following for long-term creditors for this year:
1. Times interest earned ratio.
2. Debt-to-equity ratio.

Financial Ratios
The term is enough to curl one's hair, conjuring up those complex problems we encountered in high school math that left many of us babbling and frustrated. But when it comes to investing, that need not be the case. In fact, there are ratios that,...