See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. By how
Question:
See Table 2.5 showing financial statement data and stock price data for Mydeco Corp.
a. By how much did Mydeco increase its debt from 2015 to 2019?
b. What was Mydeco’s EBITDA/Interest coverage ratio in 2015 and 2019? Did its coverage ratio ever fall below 2?
c. Overall, did Mydeco’s ability to meet its interest payments improve or decline over this period?
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